Price inflation driving sales value growth at P&H Merchants in Q1


Price inflation driving sales value growth at P&H Merchants in Q1 Figures released by the Builders Merchants Federation in its latest Plumbing & Heating Merchants Index (PHMI) shows that sales values in Q1 2022 increased by +2.9% against Q1 2021. However, with sales volumes this year down by -5.5% on the same period last year, any growth is entirely the result of price inflation (+8.9%). Comparing the first quarter of 2022 with Q4 2021, and removing trading day differences between the two periods, Q1 sales were down by 0.9%. The P&H sector continues to be adversely affected by availability issues for certain key products, in particular gas boilers, where supply has been delayed by the global shortage of semi-conductors. The data for the PHMI is taken solely from P&H specialists, including City Plumbing Supplies, Graham, James Hargreaves Plumbing Deport, PTS and Wolseley, who form part of GfK’s Plumbing & Heating Merchants Panel, and there is no overlap or double counting between the PHMI and the BMF’s established Builders Merchants Building Index which analyses sales at generalist merchants.19 May 2022

Figures released by the BMF in its latest Plumbing & Heating Merchants Index (PHMI) shows that sales values in Q1 2022 increased by +2.9% against Q1 2021. However, with sales volumes this year down by -5.5% on the same period last year, any growth is entirely the result of price inflation (+8.9%).

Comparing the first quarter of 2022 with Q4 2021, and removing trading day differences between the two periods, Q1 sales were down by 0.9%. 

The P&H sector continues to be adversely affected by availability issues for certain key products, in particular gas boilers, where supply has been delayed by the global shortage of semi-conductors.  

The data for the PHMI is taken solely from P&H specialists, including City Plumbing Supplies, Graham, James Hargreaves Plumbing Deport, PTS and Wolseley, who form part of GfK’s Plumbing & Heating Merchants Panel, and there is no overlap or double counting between the PHMI and the BMF’s established Builders Merchants Building Index which analyses sales at generalist merchants.
 
Price inflation driving sales value growth at P&H Merchants in Q1 Figures released by the Builders Merchants Federation in its latest Plumbing & Heating Merchants Index (PHMI) shows that sales values in Q1 2022 increased by +2.9% against Q1 2021. However, with sales volumes this year down by -5.5% on the same period last year, any growth is entirely the result of price inflation (+8.9%). Comparing the first quarter of 2022 with Q4 2021, and removing trading day differences between the two periods, Q1 sales were down by 0.9%. The P&H sector continues to be adversely affected by availability issues for certain key products, in particular gas boilers, where supply has been delayed by the global shortage of semi-conductors. The data for the PHMI is taken solely from P&H specialists, including City Plumbing Supplies, Graham, James Hargreaves Plumbing Deport, PTS and Wolseley, who form part of GfK’s Plumbing & Heating Merchants Panel, and there is no overlap or double counting between the PHMI and the BMF’s established Builders Merchants Building Index which analyses sales at generalist merchants.