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The latest Builders Merchant Building Index (BMBI) report reveals that the quantity of goods sold by Builders’ Merchants in July fell 12.8% year-on-year, but with prices up 15% since July 2021, the value sales increased slightly by 0.2%.

Month-over-month, total merchant sales were down 2.6% in value in July compared to June 2022. Volumes were down 5.2%. Prices rose in July and were 2.7% higher than in June. However, July had one more trading day than June, so like-for-like sales were 7.3% lower.

Mike Rigby, Managing Director of MRA Research, which produces these monthly reports, said: “A flat July was likely to be expected by traders as the construction sector was hampered by everything from lost workdays due to from exceptionally hot weather to the cost of living crisis” having a continued impact on consumer spending – particularly in the repair, maintenance and improvement market. abroad will have impacted the volume of construction sites completed during the summer months.

“But looking ahead, there is reason to be optimistic. With a new Prime Minister now in office and plans underway to tackle the energy crisis, we could start to see material prices fall later in the year. year and a return to volume-led growth may be the boost the construction industry needs to resume an upward trajectory as winter approaches.

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