In his Autumn Statement, Chancellor Hammond said the UK economy has confounded commentators here and abroad with its strength and resilience.
Britain’s builders and contractors have also confounded commentators with strong sales in Q3, the first three months following the Brexit vote.
The Builders Merchants Building Index (BMBI), which tracks builders’ merchants’ sales to builders and contractors using GfK data, reports September sales up 3.2% year on year, and Q3 sales up 3.8% on the same quarter last year.
Sales in September continue to be strong, building on an excellent performance over the first nine months of 2016. Sales are up 5.1% on the first nine months of 2015, bucking the construction trends identified by the Office of National Statistics (ONS).
Initial ONS figures are estimates based on around 40% of the data and subject to regular revision as data comes in. The latest ONS figures have been revised up to 0.2% for September and 0.1% for Q3 compared to 2015, but there may be further revisions.
The US presidential election result has sent tremors through financial and currency markets but, as with the Brexit vote, Britain’s builders’ merchants, builders and contractors have continued to supply a robust market.
Derrick McFarland, Managing Director Keystone Group UK, BMBI’s Expert for Steel Lintels commented: “Steel Lintel sales in Q3 were encouraging, showing continuing improvement on the same months of last year. If Government delivers on its pledge to significantly increase the supply of housing, we hope to see modest growth continue.
Innovative products are contributing to demand in the steel lintel market. Most notably in Q3, growth in high performance steel lintels were ahead of standard steel lintels.
The unique aspect of high performance steel lintels is that they significantly reduce cold bridging across the lintel and, combined with other high performance materials, can eliminate expensive renewables and other high cost design solutions.”
Visit the BMBI website to see the detailed report.
t: 01453 521 621
In an article by Contour Heating, they discuss how best to Select its LST Radiators for mental health projectsPosted in Articles, Building Industry News, Building Services, Building Systems, Health & Safety, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Posts
Bull Products is improving its customer experience through its asset management service, which allows housebuilders and construction companies to make the most use of their fire protection equipment.Posted in Articles, Building Industry News, Health & Safety, Posts, Security and Fire Protection
REHAU will be exhibiting at Plumbex 2018 this month, where it will present its new RAUTITAN offer to Irish customers at the Dublin show.Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Exhibitions and Conferences, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Insulation, Pipes, Pipes & Fittings, Plumbing, Posts
Vent-Axia is supporting Noise Action Week, taking place right now (21 – 26 May) for the sixth year in succession.Posted in Acoustics, Noise & Vibration Control, Air Conditioning, Articles, Building Industry Events, Building Industry News, Building Services, Health & Safety, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Posts