2 minute read
BMBI
BUILDERS MERCHANT BUILDING INDEX
FEBRUARY SALES UP 22.9%, DRIVEN MORE BY PRICE INFLATION THAN VOLUME GROWTH
The latest figures from the Builders Merchant Building Index (BMBI), published in April, reveal that total value sales by builders’ merchants across Great Britain were 22.9% higher in February compared to the same month in 2021, continuing January’s solid start to the year. However, this was driven more by price inflation (+13.4%) than volume growth (+8.3%).
All categories sold more in February 2022 than the previous year. Five categories did better than Merchants overall including Landscaping (+33.7%), Timber and Joinery Products (+25.6%) and Kitchens & Bathrooms (+25.2%). Compared to February 2019, a prepandemic year, total merchant value sales were 22.6% higher. All categories sold more, with overall growth driven by the strength of two categories: Landscaping (+51.1%) and Timber & Joinery Products (+38.3%).
LAST THREE MONTHS
Total sales in the three months from December 2021 to February 2022 were 21.4% up on the same period last year with no difference in trading days. All categories sold more. Landscaping (+28.0%) was strongest, closely followed by Timber & Joinery Products (+27.5%).
MONTH-ON-MONTH
Month-on-month total merchant sales were 7.5% up in February 2022 compared to January 2022, with no difference in trading days. All bar three categories sold more including Landscaping (+28.6%), Kitchens & Bathrooms (+10.6%) and Heavy Building Materials (+7.7%).
ROLLING 12-MONTHS
Total Merchants sales in the 12 months March 2021 to February 2022 were 34.6% higher than in the same 12 months a year earlier, with no difference in trading days. All categories sold more. Timber & Joinery Products (+54.1%) was significantly ahead of other product categories.
For the full report, including comments from the BMBI’s panel of leading industry Experts, please visit www.bmbi.co.uk.
GfK’s Builders Merchant Panel
GfK’s Merchant Panel includes national, multi-regional and regional merchants such as Buildbase, Jewson, Travis Perkins, EH Smith, Gibbs & Dandy, MKM and Bradfords. GfK’s Builders’ Merchant Point of Sale Tracking Data represents more than 80% of the value of the builders’ merchant market. GfK insights can trace product group performance and track relevant features. GfK can also produce robust like-for-like market comparability, tailored to the requirements of an individual business.
The Builders Merchant Building Index
Builders Merchant Building Index (BMBI) appears every month, in print and online. A full quarterly report is published every three months. The BMBI is a brand of the Builders Merchant Federation. Launched and produced by MRA Research, it uses sales-out data from GfK’s Builders Merchant Panel. BMBI includes a panel of leading industry Experts, who speak exclusively for their markets.
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