The latest Builders Merchant Building Index (BMBI) report reveals that builders’ merchants’ value sales were up +7.5% in October 2022 compared to the same month in 2021. Volume sales dropped (-5.6%) while prices climbed +13.9% largely due to inflation.
Eleven of the twelve categories sold more in October compared to the previous year. Renewables & Water Saving (+66.1%) was the standout category, while Plumbing, Heating & Electrical (+19.5%), Workwear & Safety wear (+19.0%) and Kitchens & Bathrooms (+17.5%) also had a good month. Timber & Joinery Products (-8.4%) was the only category to sell less.
Compared to pre-pandemic October 2019, total merchant value sales were +19.6% higher in 2022. Volume sales fell -8.9% while prices were +31.2% higher. With two less trading days this year, like-for-like sales were up +31.0%.
To view all of the information, Download the October 2022 Report here.
