DIYWEEK.net

 

Double digit growth for builders' merchants

Published: 19 December 2017 - Kiran Grewal

Builders’ Merchants saw major increases in sales of Tools (+12.3%), Plumbing Heating & Electrical (+11.4%) and Heavy Building Materials (+11.1%) in October 2017. These categories all saw double digit growth compared to October 2016 (assisted by one additional trading day).

Overall sales figures for October 2017 were 10% higher than the same month last year (assisted by one additional trading day).

The figures are contained in the ‘Builders Merchants Building Index' which tracks builders’ merchants’ actual sales using GfK data. In addition to the strong annual growth, October sales were 5% ahead of September, with one extra trading day this month, and the latest three months (August to October 2017) were 6.2% up on the same period last year (no difference in trading days).

 

Although the ONS have today released new statistics that show construction output has contracted over recent months, they also find record growing in the infrastructure sector and an increase in housing orders.

Despite initial concerns over the impact of Brexit and an uncertain climate on the industry, the BMF states that the continued robust sales figures achieved by their members demonstrates the adaptable nature of the industry.

Chief Executive of the BMF, John Newcomb said: “Our figures are demonstrating that the builders merchants’ industry is resilient in the face of uncertainty. We continue to see strong growth overall, and across a wide range of categories in the industry, indicating the adaptability of merchants in responding to the needs of consumers.

“These figures further reinforce our understanding that the builders’ merchants’ industry is delivering the building blocks for growth and is a vital part in supporting construction, infrastructure and housebuilding across the country.”

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?

Smart security


Do you think enough is being done to secure connected/smart home products from hackers and cybercrime?


Latest reader comments

re: B&Q sales dip 2.5%, as showroom sales decline

B&Q bob
Screwfix sales are up because they position new stores close to B&Q stores but then price like for like products cheaper than within BQ ...

re: B&Q kicks off kitchen & bathroom recruitment drive

B&Q bob
Wickes are not alone, Wrens kitchens has seen large numbers of unappreciated BQ kitchen sales staff join them because of BQs attitude ...

re: Toolstation.com excels in Which? website survey

Roger Bishop
This was my first visit to toolstation in farnham but it will definatly not be my last the service was exceptional staff were welcoming i ...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

B&Q bob
Ms Laury has overseen perhaps the worst period of BQ history under her leadership, staff have had their wages cut while witnessing their ...

re: Screwfix opens 600th store as business continues to build

B&Q bob
Why is kingfisher giving screwfix lower prices to sell at than their BQ stores? Staff in B&Q suffer constant abuse from trade customers ...

Most read stories

Blog and Comment

Dawn of a new age in customer service

Customer service used to be about answering telephones and responding to written requests, but our fast paced, social media driven society ... Read More >>

http://www.diyweek.net/double-digit-growth-for-builders-merchants