March 2023 Summary:
The total U.S. pest control index increased 11% year-over-year in March, in line with the long-term average growth rate of 11%.
The total pest index has decelerated two months in a row, primarily due to a slowdown in the residential pest index. However, we continue to characterize the overall market as healthy, showing double-digit year-over-year growth on top of two years (2021 and 2022) of unprecedented growth.
March 2023 Results by Segment:
The Residential Pest Index increased 12% year-over-year
The Commercial Pest Index increased 16% year-over-year
The Termite Index increased 5% year-over-year
The Bed Bug Index increased 3% year-over-year
The Mosquito Index increased 12% year-over-year.