Retailers’ gross sales nonetheless in decline

The most recent Builders Service provider Constructing Index (BMBI) report reveals that builders’ retailers’ complete takings had been down 2.1% in January 2024 in contrast with January 2023, with gross sales volumes falling 3.2%, mitigated by costs creeping up 1.1% over the 12 months.

Nonetheless, January 2024 had another buying and selling day; every day takings had been down 6.5%, 12 months on 12 months.

Yr-on-year, there was development in January for landscaping merchandise (up 6.2%) and adorning supplies (up 6.1%) however the largest product classes impacted total gross sales: heavy constructing supplies had been down 3.8% and timber & joinery merchandise had been down 6.3%.

In comparison with a gradual December 2023, January’s total takings had been up 41% month-on-month. Quantity gross sales had been up 44% whereas costs had been down 2.1%. With six extra buying and selling days in January, every day takings had been up by 2.7%.

For the 12 months to finish of January 2024, gross sales volumes had been down 12.9% decrease. With costs up by 8.8% in comparison with the earlier 12 months, takings had been down 5.2%.

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