Latest BMBI data reveal good start to 2018

Latest BMBI data reveal good start to 2018

The latest data released in the BMF’s Builders Merchant Building Index (BMBI) confirms sales were up 8.4% in January 2018 compared with January last year, lifted by one additional trading day. Landscaping (+14.5%) was strongest, with Ironmongery (+12.0%), Plumbing Heating & Electrical (+10.7%) and Kitchens & Bathrooms (+10.3%) also doing well.

Five categories grew more slowly, including Heavy Building Materials (+6.9%) the largest category, but all categories sold more this year. Average sales a day in January, which takes into account the difference in trading days, were 3.4% higher than in January 2017.

Month on month Comparing January (22 trading days) with December (16 trading days), the difference of 6 trading days makes January a 37.5% longer selling month. This explains why total merchant sales in January were 33.8% higher than in December. Ironmongery (+40.8%) and Timber & Joinery Products (+38.9%) were among six categories that did better.

Average sales a day in January, however, were 2.7% lower than in December and most categories sold less. Ironmongery (+2.4%) and Timber & Joinery Products (+1.0%) did better.

Other periods

The latest three months (November 2017 to January 2018) were 5.5% up on the same three months a year ago, with an equal number of trading days. Ironmongery (+7.6%), Plumbing Heating & Electrical (+7.5%), Landscaping (+7.2%), Timber & Joinery Products (+6.6%) and Kitchens & Bathrooms (+6.5%) all did better.

The rolling 12 months February 2017 to January 2018 were 4.9% above the same period a year earlier (February 2016 to January 2017), with one less trading day. Average sales a day over the 12 months grew by 5.3%.

Index

January’s BMBI index was 102.6, with one additional trading day. Seasonal category, Plumbing Heating & Electrical was top (127.2) followed by Ironmongery (120.4) and Workwear & Safetywear (117.2). Nine of the twelve categories exceeded 100.

 

Related post:

BMBI sales data for Q4, 2017

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