July value sales up +9.1%, driven by +10.7% price inflation. Volume is down -1.4%

Posted 22nd September 2022

July’s total plumbing and heating value sales, from over 70% of specialist Plumbing & Heating Merchants throughout Great Britain, were +9.1% higher than in July last year. Volume sales were down by -1.4% with price inflation of +10.7%. There was no difference in trading days this year.

Compared with 3 years ago, total sales in July 2022 were -2.8% lower. With two less trading days this year like-for-like sales a day were +6.4% higher.

Value sales in July were +15.9% higher than June. Volume sales were +12.9% higher with price up +2.7%. With one more trading day this month like-for-like sales were +10.4% higher.

July’s PHMI index was 97.2, with no difference in trading days.

Sales in the three months May to July 2022 were +5.8% higher compared to the three months May to July 2021. Volume sales were -2.9% lower with price up +9.0%. There was no difference in trading days.

Compared with the same months three years ago in pre-pandemic 2019, sales in May to July 2022 were -3.9% down. With two less trading days this year like-for-like sales were -0.8% lower.

Sales in the three months May to July 2022 were -6.8% lower than in the preceding three months, February to April 2022. Volume sales were -4.8% lower and price was also down -2.1%. There was no difference in trading days.

Year-to-date sales, January 2022 to July 2022 were +5.6% higher than January 2021 to July 2021. Price inflation was +9.1%, and volume sales were down -4.1%. With one less trading day this year like-for-like sales were +6.3% higher.

Value sales in the last 12 months were virtually flat at +0.1% compared to the previous twelve months, August 2020 to July 2021. Volume was -7.0% down but price was up +7.6%. There was no difference in trading days.

In the year to date, January 2022 to July 2022, value sales were down -3.4% compared to three years ago – January 2019 to July 2019. With three less trading days in the most recent period like-for-like sales were -1.4% lower.

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