Strong start to 2017 for UK Builders Merchants.
The latest figures from the BMF’s Builders Merchants Building Index (BMBI) confirmed a strong start to 2017 with a further three months of growth in the sales of building materials through UK generalist builders’ merchants in Q1. The relatively mild and dry weather throughout first quarter of the year helped to produce 5.9% total sales growth on Q1 2016.
The overall result was boosted by a particularly strong performance in March, although the 11.4% year on year total sales growth recorded for the month is a slightly artificial figure as a late Easter gave two more trading days compared to March 2016. Nonetheless, the adjusted growth figure of +2.6% per trading day for the quarter is a positive result against a backdrop of political uncertainty.
Tools (+8.8%), Ironmongery (+7.2%) and Plumbing, Heating and Electrical (+6.8%) were the fastest growing categories during Q1. The ability to start...