Timber & Joinery products push Builders' merchants sales up in Q1 2016
As reported by the Builders Merchants Building Index, Timber & Joinery Products along with Heavy Building Materials were the key drivers of builders' merchants sales rise in Q1 2016.
According to the Bulletin published by the Builders Merchants Federation (BMF), the two categories accounted 46.6% and 21% of total builders merchants’ sales during the last quarter.
On a year-on-year basis, Heavy Building Materials sales increased 5.2% and Timber & Joinery Products grew 4%.
On a macro scale, Builders Merchants sales in Q1 2016 were up by 5.4% on Q1 2015 with total ex VAT sales-out of £1.27bn compared to £1.20bn. Q1 sales also rose by 4.6% on Q4 2015
BMF’s Managing Director, John Newcomb said: “The year on year and quarter on quarter growth evident in builders merchants sales is clearly encouraging. It is also at odds with the recent ONS figures that reported construction output down by 1.9%, which have already been challenged by the Construction Products Association. Our data is in line with the CPA’s Q1 survey. ONS figures have been revised in the past, so they may yet come back with a more positive picture that reflects what is actually happening in the market.”