The Plumbing & Heating Merchant Index
Latest Monthly Overview
The latest Plumbing & Heating Merchant Index (PHMI) report, published in August, shows Q2 2025 total value sales through specialist Plumbing & Heating merchants were up +2.0% compared to Q2 2024. Volumes sales were down -2.3% as prices rose +4.5%. With one less trading day in the most recent period, like-for-like value sales were +3.7% higher.
But quarter-on-quarter, total value sales for April to June 2025 were -11.9% lower than Q1 2025 (January to March 2025). Q2 volume sales and prices were both down -6.1% compared to Q1. With two less trading days, like-for-like value sales for Q2 were -9.0% lower.
June sales increased +5.6% year-on-year. Compared to the same month last year, volume sales were up +3.2% and prices rose +2.3%. There was one extra trading day this year, so like-for-like value sales were +0.6% higher.
Month-on-month, June value sales were down -1.1% compared to May. Volume sales were -0.5% lower and prices were down -0.7%. With an extra trading day in June, like-for-like value sales were down -5.8%.
Year-to-date, January to June 2025 value sales were +3.1% up on the same six months in 2024.
Total value sales for July 2024-June 2025 were up +2.0% against the same 12-month period the year before. Volume sales were up +3.9%, but prices decreased -1.9%. With one more trading day in the latest 12-month period, like-for-like value sales were +1.5% higher.
The PHMI Index for June 2025 was 94.5 with no difference in trading days compared to the base period.
Monthly & Quarterly Reports
PHMI May 2025 Monthly Report
PHMI April 2025 Monthly Report
PHMI Q1 2025 Quarterly Report
PHMI February 2025 Monthly Report
PHMI January 2025 Monthly Report
PHMI Q4 2024 Quarterly Report
PHMI November 2024 Monthly Report
PHMI October 2024 Monthly Report
PHMI Q3 2024 Quarterly Report
PHMI August 2024 Monthly Report
PHMI July 2024 Monthly Report
PHMI Q2 2024 Quarterly Report
PHMI May 2024 Monthly Report
PHMI April 2024 Monthly Report
PHMI Q1 2024 Quarterly Report
PHMI February 2024 Monthly Report
PHMI January 2024 Monthly Report
PHMI Q4 2023 Quarterly Report
PHMI November 2023 Monthly Report
PHMI October 2023 Monthly Report
PHMI Q3 2023 Quarterly Report
PHMI August 2023 Monthly Report
PHMI July 2023 Monthly Report
PHMI Q2 2023 Quarterly Report
PHMI May 2023 Monthly Report
PHMI April 2023 Monthly Report
PHMI Q1 2023 Quarterly Report
PHMI February 2023 Monthly Report
PHMI January 2023 Monthly Report
PHMI Q4 2022 Quarterly Report
PHMI November 2022 Monthly Report
PHMI October 2022 Monthly Report
PHMI Q3 2022 Quarterly Report (Published 22nd November 2022)
PHMI August 2022 Monthly Report
PHMI July 2022 Monthly Report
PHMI Q2 2022 Quarterly Report (Published 22nd August 2022)
PHMI May 2022 Monthly Report
PHMI Q1 2022 Quarterly Report (Published 18 May 2022)
PHMI February 2022 Monthly Report (Published 21 April)
PHMI January 2022 Monthly Report (Published 22 March 2022)
PHMI Q4 2021 Quarterly Report (Published 22 February 2022)
PHMI November 2021 Monthly Report (Published 20 January 2022)
PHMI October 2021 Monthly Report (Published 16 December 2021)
PHMI Q3 2021 QUARTERLY Report (Published 23 November 2021)
PHMI August 2021 MONTHLY Report (Published 19 October 2021)
PHMI July 2021 MONTHLY Report (Published 20 September 2021)
PHMI Q2 2021 QUARTERLY Report (Published 23 August 2021)
PHMI May 2021 MONTHLY Report (Published 19 July 2021)
PHMI April 2021 MONTHLY Report (Published 18 June 2021)
PHMI Q1 2021 QUARTERLY Report (Published 26 May 2021)
PHMI February 2021 MONTHLY Report (Published 21 April 2021)
PHMI January 2021 MONTHLY Report (Published 19 March 2021)