Builders’ Merchants Q2 sales robust despite pre-Brexit Jitters

  • 13 Sep 2016

The latest total sales figures from the Builders Merchants Building Index (BMBI) based on GfK’s General Builders Merchants Panel, show total sales in Q2 2016 up on the previous quarter and up on the same quarter in 2015. BMBI is a brand of the Builders Merchant Federation (BMF)

The Q2 report covers the three months leading up to the Brexit decision, but despite press reports of pre-referendum jitters, builders’ merchants’ turnover was robust right through to the end of June. Total merchant sales were up 6.2% in Q2 on the same period last year with total ex-Vat sales of £1.44bn compared to £1.36bn in 2015. Sales this quarter were however assisted by two additional trading days. 

Year on year sales growth was particularly strong in Ironmongery (+7.8%), Landscaping (+7.7%), Heavy Building Materials (6.5%) and Plumbing & Heating and Electrical (+6.4%). 

Looking at quarter on quarter growth, total Q2 sales were 13.7% ahead of Q1, driven by Landscaping in its peak season (+58.1%) and Heavy Building Materials (+14.8%). Heavy Building Materials is the largest category accounting for almost 45% of all builders’ merchant sales by value.

The actual Builders Merchant Building Index for Q2 2016 – calculated for the first time using a robust 12 month base point – was 113.6, the highest in the past four quarters. 

Most economists and forecasters expected a slow-down in construction in the run-up to the EU referendum as uncertainty began to affect decision making. But sales data from the Builders Merchants Building Index is telling a different and more positive story. 

The BMBI report features insight from GfK on the economy, housing and consumer markets, including a dramatic post-Brexit chart showing an 11 point drop in consumer confidence in July. 

We’ll have to wait for the BMBI July report due to be released 20 September to see the first indications of building activity post Brexit.

Visit the BMBI website

Follow @TheBMBI

t: 01453 521 621
e: [email protected]

Leave a Reply

More articles

Schluter
Gilberts

Gilberts expands building services expertise

Product knowledge enhanced by practical expertise is now available to air movement specialists in the south, courtesy of changes at Gilberts Blackpool.

Posted in Air Conditioning, Articles, Building Industry News, Building Services, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Posts, Recruitment

GGF

New health and safety code of practice launched by GGF

The Glass and Glazing Federation (GGF) has announced the launch of the newly revised Code of Practice for the Safe Handling, Transportation and Site Storage of Glass.

Posted in Articles, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Products & Structures, Exhibitions and Conferences, Glass, Glazing, Health & Safety, Posts, Publications, Training

Kestrel

Kestrel team braves the elements for charity golf day

Wind and rain didn’t dampen the spirits at Kestrel’s recent golf day, as they teed off for three children’s charities.

Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Charity work, Drainage, Guttering, Soffits & Fascias, Fascias, Posts, Roofs, Walls