BMBI

BUILDERS MERCHANT BUILDING INDEX BUILDERS MERCHANT BUILDING INDEX

AUGUST MERCHANT SALES ARE UP, BUT VOLUME IS DOWN AND INFLATION’S STILL CLIMBING

The latest figures from the Builders Merchant Building Index (BMBI), published in October, reveal that builders’ merchants’ value sales were +10.0% up in August 2022 compared to the same month in 2021. But volume sales were down -4.2% with +14.8% price inflation driving growth.

All bar one category sold more in August 2022 compared to the previous year. Nine categories outperformed Merchants overall with Renewables & Water Saving (+27.3%) and Kitchens & Bathrooms (+26.9%) leading the field. Heavy Building Materials (+17.7%) also performed well, while Timber & Joinery Products (-5.7%) sold less. With an extra trading day in August 2022, likefor-like sales were +5.0% higher. Compared to August 2019, a more normal pre-pandemic year, total merchant value sales were +29.9% higher. Volume sales were down -1.2% while prices were up +31.5%. With one extra trading day this year, like-for-like sales were up +24.0%. Three of the twelve categories grew more than total Merchants with Timber & Joinery Products (+39.9%) the strongest. Landscaping (+35.8%) and Kitchens & Bathrooms (+30.5%) also fared well. Heavy Building Materials (+29.6%) grew marginally more slowly, ahead of Plumbing, Heating & Electrical (+18.2%) and other categories.

“Month-on-month, total merchant sales were up +1.1% in August compared to July. Volume sales were flat (-0.2%) and prices increased +1.3%.”

LAST THREE MONTHS

Total sales in the three months June to August 2022, were +2.8% up on the same period last year, with price inflation of +15.7%, and volumes down -11.1%. With two less trading days, like-forlike sales were +6.1%. Ten of the twelve categories sold more than merchants overall with Renewables & Water Saving (+19.6%) growing the most. Kitchens & Bathrooms (+16.7%) and Workwear & Safetywear (+13.9%) also did better while Timber & Joinery Products (-10.9%) was weakest.

MONTH-ON-MONTH

Month-on-month, total merchant sales were up +1.1% in August compared to July. Volume sales were flat (-0.2%) and prices increased +1.3%. With one more trading day in the most recent period, like-for-like sales were down -3.5%. Services (+5.9%) grew the most, with Kitchens & Bathrooms (+4.9%) not far behind. As in July, Landscaping (-6.1%) was the weakest category.

ROLLING 12-MONTHS

Total Merchants sales in the 12 months September 2021 to August 2022 were +21.9% higher than in the same 12 months three years earlier (September 2018 to August 2019) with no difference in trading days. All categories sold more with Timber & Joinery Products (+39.0%) and Landscaping (+37.3%) well out in front. Renewables & Water Saving (+21.1%), Heavy Building Materials (+17.1%) and Kitchens & Bathrooms (+16.5%) recorded lower growth by comparison. Tools (+0.4%) was weakest.

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-forlike market comparability, tailored to the requirements of an individual business.

The Builders Merchant Building Index

The BMBI is published every month, in print and online. A full quarterly report is available every three months. The BMBI is a brand of the Builders Merchants 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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