Having endured three and a half years of Brexit turmoil, the country now faces a far bigger challenge and greater uncertainty, explain the BMBI.
The Institute’s February report pre-dated social distancing (which started on 19 March) and the lockdown (which took effect on 24 March), hence builders’ merchants’ February trading will not have been much affected by the emerging COVID-19 pandemic.
Total Builders’ Merchant sales to roofers, builders and contractors in February were down 1.3% compared with the same month last year. Three categories were weaker: Timber & Joinery Products (-6.9%); Tools (-4.0%) and Heavy Building Materials (-1.9%).
Among the seven categories that sold more this year, Workwear & Safetywear showed strong growth (+30.8%) driven by higher demand for protective equipment (including masks, goggles and gloves).
Compared with January, sales in February increased +2.2% despite having two less trading days. Eight categories sold more, led by Landscaping (+16.5%). Kitchens & Bathrooms (+7.8%) and Workwear & Safetywear (+6.8%) also fared well.
Four categories sold less, including Timber & Joinery Products (-2.2%) and Plumbing, Heating & Electrical (-1.5%).
February’s BMBI index was 107.6. Ten of the twelve categories exceeded 100, led by Workwear & Safetywear (128.0). The Index for Heavy Building Materials was 106.2.
For the latest BMBI reports, Expert comments and Round Table videos, visit the BMBI’s website.
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