FOLLOWING A STRONG start to the year, total Builders’ Merchants’ sales were down -1.2% in Q2 2019 against the same period last year, although the adjusted figure, which takes into account the trading day difference, was marginally positive at +0.4%, according to the latest Builders Merchant Building Index (BMBI).
The negative quarterly figure was heavily influenced by poor trading towards the end of the quarter, with overall sales in June down -8.1% compared with the same month last year. However, compared with Q1 2019, the picture is more positive.
The topline value indicator for Q2 2019 vs 2018 shows that Heavy Building Materials, which includes roofing and insulation materials, has declined by 1.6%,
Emile van der Ryst, at GfK which helps to compile the report comments: “Q2 2019 saw a decline of -1.2% in value terms against Q2 2018, but this is exclusively driven by the month of June.
“June 2018 will be remembered for extreme heat and a lack of rain, while 2019 saw most of England and Wales with a higher rain fall than average, alongside one less trading day resulting in June 2019 being down by -8.1% year on year.
“Furthermore Q2 2018 sales spiked due to Q1 external construction delays following the Beast from the East, so assessing Q2 2019 too harshly would be wrong.”
The Builders Merchant Building Index (BMBI) report contains data from over 80% of generalist builders’ merchants’ sales throughout Great Britain.