According to the Builders Merchant Building Index (BMBI), the value of total builders’ merchants sales in Q1 2021 increased by 15.1% compared to Q1 2020. This growth was mainly driven by Landscaping (+41.4) and Timber & Joinery Products (30.5%). Removing the effects of Covid, results are still positive, with total value of merchants’ sales up 6.0% on Q1 2019.
Growth has been fuelled by a bumper March, driven by unbated demand in RMI and a strong house building market. March sales were up 47.4% compared to March 2020, and by a no less extraordinary 23.0% compared to the same month in 2019.
While this recovery is promising, the industry might now see a greater impact from the indirect repercussions of the pandemic. Supply chain issues are concerning and with strong demand, prices are rising.
Visit www.bmbi.co.uk/the-index to download the report.
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