Builders merchants index reports record-breaking revenue due to inflation
Builders merchants recorded the highest revenue since their building index began in 2014 for the second quarter of this year despite a year-on-year drop in sales volume of 11 per cent. The total value of sales for April to June was more than a quarter higher than the same period in 2019 and four per cent greater than in 2021 due to price inflation of more than 17 per cent. Builders Merchants Federation chief executive John Newcomb said: “The negative [...]