Figures released in the Plumbing & Heating Merchant Index (PHMI) for the first quarter of 2025 show an improving market.
Quarter 1 2025 v Quarter 1 2024: Total value sales in Q1 2025 increased by +4.0% compared with the first three months of 2024. Volume sales were up by +5.7% while prices were -1.6% lower. March produced the best performance of the quarter, with value sales up +12.1% compared with March 2024. The preceding months of the first quarter had seen year-on-year monthly value sales increase by +0.7% in January and fall by -1.2% in February.
Quarter 1 2025 v Quarter 4 2024: Total value sales in Q1 2025 were +3.5% higher compared with the previous three months, October to December 2024. Volume sales increased by +3.0% while prices were +0.5% higher.
With two more trading days in Q1 2025, however, like-for-like sales were flat at +0.2% against the last quarter of 2024.
Latest 12 months v last year (April 2024-March 2025 v April 2023-March 2024): Total value sales in the 12 months April 2024 to March 2025 were up by +1.2% compared with the previous 12 month period. With four more trading days in the latest period, like-for-like value sales were -0.4% lower. Volume sales increased by +5.8%, while prices decreased by -4.4%.
To download the latest report, visit www.phmi.co.uk
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The PHMI, a brand of the BMF, is produced and managed by MRA Research. The report contains data from NIQ GfK’s ground-breaking Plumbing & Heating Merchant Panel, which represents over 70% of sales through specialist P&H merchant branches.
Unlike data from sources based on estimates, or sales from suppliers to the supply chain, this up-to-date data is based on actual sales from merchants to tradespeople. In addition, there is no overlap or double counting between PHMI and the Builders Merchant Building Index (BMBI) sales data.
