US EditionPHMI: Disappointing End To 2025 For P&H Merchants - ConstructUK
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Disappointing end to 2025 for P&H Merchants. Q4 like-for-like value sales up +0.7% year-on-year but volumes are down -3.3%
The latest Plumbing & Heating Merchant Index (PHMI) report, published in March, shows like-for-like Q4 2025 value sales, adjusted to remove the impact of trading days, were +0.7% higher than the same period in 2024. Like-for-like volume sales decreased by -3.3%. With no difference in trading days, the unadjusted total value sales were also +0.7% higher, with volumes down -3.3% and prices up +4.1%. Quarter-on-quarter, like-for-like value sales fo…
Merchants Q4 like-for-like value sales down -1.2% on Q4 2024. Like-for-like volume down -2.9%. Disappointing December rounds off a tough trading year.
The latest Builders Merchant Building Index (BMBI) report reveals builders’ merchants’ like-for-like value sales for Q4 2025, adjusted to remove the impact of trading days, were -1.2% lower than Q4 2024. Like-for-like volume sales were down -2.9%. With no difference in trading days, unadjusted Q4 total value sales were also down -1.2% year-on-year. Volume sales fell -2.9% while prices rose +1.8%. By value, seven of the twelve categories sold mor…
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