US Edition‘Disappointing’ end to 2025 for P&H Merchants
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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…
‘Disappointing’ end to 2025 for P&H Merchants
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. The post ‘Disappointing’ end to 2025 for P&H Merchants appeared first on PHPI Online.
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