The latest Builders Merchant Building Index (BMBI) report reveals that builders’ merchants’ value sales in January 2022 were 24.1% up on the same month in 2021, the strongest year-on-year growth seen in recent months. However it has been primarily driven by price inflation (+15.1%) rather than volume growth (+7.8%).
All bar one category sold more than the same month in the previous year with Renewables & Water Saving (+35.8%), Timber & Joinery Products (+31.5%), Landscaping (+28.9%) and Kitchens & Bathrooms (+28.8%) outperforming merchants generally. Seven categories grew more slowly including Heavy Building Materials (+21.4%), Plumbing Heating & Electrical (+18.1%) and Tools (+13.3%).
Compared to January 2019, a pre-pandemic year, total merchant value sales were 15.1% higher in January 2022, with two less trading days this year. Over the same period, prices increased at a faster rate (+19.8%), while volume sales were down 3.9%.
January’s BMBI report is available to download here.
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