Building materials market growing strongly, BMF KPI Report shows
The Builders Merchants Federation (BMF) has issued its 2016 Key Performance Indicators Report.
The publication gives a picture of how builders merchants’ businesses fared during the twelve months ending April 2016.
According to the report, the building materials market during the period of this report has experienced strong growth. The BMF Sales Indicators reported that for the 12 months ended April 2016 compared with the previous 12 month period, total sales by merchants had increased by 6.2%.
Compared to April 2015, output in the construction industry decreased by 3.7% in April 2016. The underlying pattern as suggested by the 3 month on 3 month movement in output in the construction industry decreased by 2.1%. There was a decrease of 3.3% in all repair and maintenance compared with the same period last year; housing and non-housing repair and maintenance reported decreases of 4.2% and 2.5% respectively.
However on the year, total housing increased by 0.9% compared with April 2015. The main contributor was private new housing which increased by 5.8%, offset by public new housing which decreased by 20.7%. This was the 12th consecutive period of year-on-year decreases in public new housing.
John Newcomb, Managing Director of the BMF, commented: “Economic and political uncertainty in the run-up to the EU referendum was expected to cause a slow-down in the construction sector. However, sales data from our builders’ merchant members is telling a very different story. 2015/16 sales were up on last year and the merchant market experienced an 8.4% increase between April 2016 and April 2015. We are confident that our members will continue to perform strongly, and the BMF will work with the Government to ensure the best outcomes for our members as the Brexit deal is negotiated.”
To request a copy of the report, contact Richard Ellithorne, BMF Membership Services Director, at [email protected].