Q3 Report From BMBI Shows Inflation Is Driving Growth

Total value sales data from Britain’s Builders’ Merchants shows Q3 2022 recorded +4.3% year-on-year growth. However, price inflation (+14.6%) continues to drive the increase in sales, as volumes fall -9.0%.
 
Ten of the 12 categories sold more in Q3 2022 compared to the previous year with Renewables & Water Saving growing the most (+38.4%). Workwear & Safetywear (+23.6%), Kitchens & Bathrooms (+17.2%), and Plumbing, Heating & Electrical (+14.2%) all grew faster than Merchants overall. Landscaping (-1.3%) and Timber & Joinery Products (-11.1%) were the only categories to sell less. With one less trading day this year, like-for-like sales were +5.9% up.
 
Comparing Q3 2022 with Q3 2019, a more normal pre-Covid trading year, total value sales were +23.4% higher this year. Volume sales were -6.8% down while prices were up +32.4%. Despite one less trading day in the most recent period, like-for-like sales were +25.3% higher. All categories sold more, including Timber & Joinery Products (+32.3%), Renewables & Water Saving (+30.8%) and Landscaping (+28.6%) which all did better than Total Merchants.

Download and read the report here.

Source : BMBI

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