BMBI: Q1 Sales Drop As Volumes Tumble

Total value sales data from Britain’s Builders’ Merchants shows Q1 2023 recorded a -2.3% drop in year-on-year growth, with volume sales falling -16.4% countered by +16.9% price inflation. With one more trading day this year, like-for-like value sales were -3.8% lower.

Nine of the 12 categories sold more in Q1 2023 compared to the previous year with Renewables & Water Saving starting the year in pole position (+42.3%). Workwear & Safetywear (+14.9%), Decorating (+13.9%) and Plumbing, Heating & Electrical (+12.8%) also performed well. Services (-4.5%), Timber & Joinery Products (-15.3%) and Landscaping (-18.3%) all sold less.
 
Quarter-on-quarter, total value sales were up +5.8% in Q1 2023 compared to Q4 2022. Volume sales edged up +0.6% and prices climbed +5.2%. With five more trading days in the most recent period, overall like-for-like sales were -2.5% lower than October to December 2022. Renewables & Water Saving (+22.3%) was the strongest category, followed by Tools (+11.8%), Ironmongery (+11.1%) and Heavy Building Materials (+6.4%). Services (-2.4%) was the weakest category.

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Source : BMBI

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