The Builders Merchant Building Index

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VALUE EX VAT Index Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 Aug 21 Sept 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22
Total Builders Merchants 100 126.4 123.5 83.5 100.7 109.4 151.9 150.6 141.4 157.1 151.1 139.3 147.9 140.4 145.0 97.1 125.0 134.4
Timber & Joinery Products 100 141.1 139.9 95.2 120.0 128.8 175.7 176.3 173.2 199.6 199.8 182.6 193.3 181.0 182.1 119.0 157.8 161.8
Heavy Building Materials 100 122.8 119.4 78.1 95.9 102.0 141.3 137.4 128.6 142.8 136.8 127.0 136.2 130.8 135.6 89.6 116.5 125.4
Decorating 100 111.7 110.5 76.2 85.8 95.7 121.7 113.2 106.5 116.7 115.0 108.7 114.8 113.5 118.5 81.7 102.2 109.3
Tools 100 101.0 100.0 70.9 84.4 93.7 120.8 110.7 98.2 100.2 97.6 93.6 101.8 100.9 109.8 73.2 95.7 101.9
Workwear & Safetywear 100 125.2 126.7 87.9 122.3 111.3 118.2 104.0 95.8 111.8 92.8 95.7 106.5 115.4 130.8 93.8 115.7 112.4
Ironmongery 100 127.3 122.9 87.8 103.1 111.5 143.1 137.4 127.0 137.0 129.2 120.2 129.2 124.6 132.8 94.2 123.2 125.5
Landscaping 100 135.6 122.8 78.0 90.1 111.9 222.5 257.0 220.5 235.1 204.8 175.3 171.9 148.5 143.7 92.6 116.2 149.5
Plumbing, Heating & Electrical 100 126.0 125.9 96.1 111.3 120.3 137.1 119.2 112.9 123.7 113.7 109.7 126.7 131.0 143.3 107.2 131.4 138.3
Renewables & Water Saving 100 67.2 70.3 50.4 62.6 62.3 85.9 78.8 72.7 80.1 72.1 70.6 70.9 71.5 82.9 58.3 85.1 80.9
Kitchens & Bathrooms 100 119.3 122.7 87.4 94.4 107.4 120.7 113.5 111.5 125.1 126.5 118.3 131.2 124.9 140.6 96.8 121.6 134.5
Miscellaneous 100 120.8 118.9 86.1 109.4 107.1 131.2 126.2 111.2 120.3 121.6 116.2 128.4 120.4 130.2 92.3 128.0 122.4
Services 100 117.5 115.4 89.0 93.5 103.3 134.5 128.8 123.5 131.4 132.8 130.2 133.4 127.7 135.1 102.7 112.5 120.1

Source: GfK's Builders Merchants Total Category Report - July 2015 to February 2022

February Monthly Overview

Total Builders Merchants February 2022 value sales were 22.9% higher than the same month last year, with no difference in trading days. However, this was driven more by price inflation (+13.4%) than volume growth (+8.3%). All categories sold more. Landscaping (+33.7%) did best. Five categories did better than Merchants overall, including Timber and Joinery Products (+25.6%) and Kitchens & Bathrooms (+25.2%). Plumbing, Heating and Electrical (+15.0%), Decorating (+14.2%), and Tools (+8.8%) grew more slowly. Workwear & Safetywear (+1.0%) was weakest.

February 2022 v February 2019

Total sales in February 2022 were 22.6% higher than the same month three years ago (pre-Covid), with no difference in trading days. All categories sold more, with overall growth driven by the strength of two categories: Landscaping (+51.1%) and Timber & Joinery Products (+38.3%). Other categories grew more slowly, including Kitchen & Bathrooms (+17.4%), Heavy Building Materials (+16.5%) and Plumbing, Heating & Electrical (+10.4%). Tools (+3.9%) had the lowest growth.

February 2022 v January 2022

Total Merchants sales were 7.5% higher in February 2022 than in January 2022, with no difference in trading days. Nine out of twelve categories sold more. Landscaping (+28.6%) did best, followed by Kitchens & Bathrooms (+10.6%) and Heavy Building Materials (+7.7%). Workwear & Safetywear (-2.8%), Miscellaneous (-4.5%) and Renewables & Water Saving (-5.0%) were weakest.

February Index

February’s overall BMBI index was 134.4, particularly helped by Timber & Joinery Products (161.8). Almost all categories recorded indices over 100, including Landscaping (149.5), Kitchens & Bathrooms (134.5) and Heavy Building Materials (125.4). Only Renewables & Water Saving (80.9) was below 100.

December 2021-February 2022 v December 2020-February 2021

Total sales in the last three months were up 21.4% on the same period last year, with no difference in trading days. All categories sold more. Landscaping (+28.0%) was strongest, closely followed by Timber & Joinery Products (+27.5%). Kitchens & Bathrooms (+22.0%), Heavy Building Materials (+20.1%) and Plumbing Heating & Electrical (+15.0%) also grew strongly. Only two categories failed to achieve double-digit growth, Tools (+8.7%) and Workwear & Safetywear (+0.1%).

December 2021-February 2022 v December 2018-February 2019

Compared with the same months three years ago, sales in December 2021 to February 2022 were 20.5% higher, with no difference in trading days. All categories sold more. Two categories did particularly well: Landscaping (+42.9%) and Timber & Joinery Products (+38.4%). Slower growing categories included Kitchens & Bathrooms (+15.6%), Heavy Building Materials (+14.5%) and Ironmongery (+6.2%). Tools (+0.3%) was flat.

December 2021-February 2022 v September-November 2021

Total sales in the latest three months were 17.7% lower than in the previous three months – broadly in line with seasonal norms and not helped by eight less trading days in the most recent period. All categories sold less. Renewables & Water Saving (-0.5%) did best. Seasonal category Landscaping (-22.8%) was weakest. Overall like-for-like sales (which take trading day differences into account) were 6.2% lower than in September to November 2021.

MAT

Total Merchants sales in the 12 months March 2021 to February 2022 were 34.6% higher than in the same 12 months a year earlier, with no difference in trading days. All categories sold more. Timber & Joinery Products (+54.1%) was significantly ahead of other product categories. Most categories grew more slowly than Merchants overall including Plumbing, Heating & Electrical (+28.9%), Heavy Building Materials (+28.4%) and Decorating (+23.6%). Growth in Workwear & Safetywear (+2.9%) was much slower.

3-year MAT

Total Merchants sales in March 2021 to February 2022 were 19.3% higher than in the 12-months March 2018 to February 2019, with one less trading day in the most recent period. Ten categories sold more, with Timber & Joinery Products (+44.9%) and Landscaping (+44.8%) well out in front. Other categories saw much lower growth including Heavy Building Materials (+10.7%), Kitchens & Bathrooms (+5.8%) and Ironmongery (+5.5%). Two categories sold less: Decorating (-0.1%) and Tools (-6.0%). Total like-for-like sales were 19.8% higher.

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