Some really interesting (and positive) figures coming out of the BMF's latest set of results on the performance of building products.
The renewables products sector is dramatically down. This is somewhat unsurprising, if not disappointing, given the governments cutting of funding in the area.
If you include kitchens, bathrooms and finishing products within the RMI market, it was pleasing to see a marked raise in these areas. Evidently the residential consumer is pushing forward with home improvement / extension projects irrespective of any uncertainty in the country's economy.
Third quarter total Builders’ Merchant sales were 3.8% up on the same three months of 2015. Landscaping (+9.6%), Ironmongery (+5.9%) and Heavy Building Materials (+4.4%) were among five categories doing better. Four categories sold less than 2015, with Renewables & Water Saving, a small volatile category, weakest (-19.3%). September sales were 3.2% higher than September last year. Good weather helped Landscaping’s season to continue strongly (+12.0%). Ironmongery (+7.2%) and Heavy Building Materials (+3.5%) also did better. Four categories had their best sales in the last 12 months, including Timber & Joinery Products, Ironmongery and Kitchens & Bathrooms.