Positive Q4 for builders merchants sales: timber products up by 3.1%
According to the latest figures from GfK's Builders Merchants Panel, released by the Builders Merchants Federation (BMF), sector sales in Q4 2015 were 3% ahead of the same period last year, with sales ex-VAT of £1.21bn.
Remarkably, heavy Building Materials (which account for 46% of sales through general builders merchants annually) were up by 2.9%, while Timber and Joinery Products (which account for 21% of annual sales) were up by 3.1%.
Commenting on the figures, BMF MD John Newcomb said: “We have reached another landmark. GfK’s Builders Merchants Panel started in July 2014 and we now have 18 months of data. The Q4 2015 results complete our first full calendar year. We can clearly see an upward sales trend emerging year on year. Although the seasonality of the building year is reflected in the latest figures, Q4 continued the trend of growing faster year on year than the UK average level of 2.4% and also out performed retail volume growth of 2.6%.”
Mr. Newcomb added: “2016 has started well and, despite concerns over the global economy and the prospects of an in-or-out EU referendum, the CPA is forecasting growth driven by housebuilding and infrastructure. On balance, builders merchants are likely to be as busy in 2016 as they were in 2015.”