The Plumbing & Heating Merchant Index

Latest Monthly Overview

The latest figures from the Plumbing & Heating Merchant Index (PHMI) report show total value sales for April 2025 through specialist plumbing and heating merchants were up +0.7% compared to April 2024. However, this was lifted by +4.6% rising prices as volumes sales decreased -3.8% year-on-year. With one less trading day this year, like-for-like value sales (which take trading day differences into account) were +5.7% higher.

Month-on-month, April value sales were -12.4% behind March. Both volume sales (-5.3%) and prices (-7.5%) fell. With one less trading day in April, like-for-like value sales were down -8.0%.

Total value sales in the three months from February to April 2025 were +3.8% higher than the same period a year ago. Volume sales increased +2.0% and prices rose +1.8%. With one less trading day in the most recent period, like-for-like value sales were up +5.5%.

Value sales in the three months from February to April 2025 were up +2.5% compared to the previous three months, November 2024 to January 2025. Volume sales rose +3.7% while prices eased -1.2%. With an additional trading day in the most recent period, like-for-like value sales were up +0.8%.

Plumbing & Heating merchants’ value sales in the 12-month period from May 2024 to April 2025 increased +0.7% on the previous 12-month period (May 2023 to April 2024). Volume sales grew +4.3%, however prices fell -3.4%. There was no difference in trading days.

April’s PHMI index was 98.0. With one less trading day compared to the Index base period, the like-for-like value sales Index was 101.3.

Monthly & Quarterly Reports

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PHMI Q1 2025 Quarterly Report

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PHMI February 2025 Monthly Report

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PHMI January 2025 Monthly Report

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PHMI Q4 2024 Quarterly Report

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PHMI November 2024 Monthly Report

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PHMI October 2024 Monthly Report

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PHMI Q3 2024 Quarterly Report

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PHMI August 2024 Monthly Report

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PHMI July 2024 Monthly Report

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PHMI Q2 2024 Quarterly Report

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PHMI May 2024 Monthly Report

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PHMI April 2024 Monthly Report

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PHMI Q1 2024 Quarterly Report

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PHMI February 2024 Monthly Report

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PHMI January 2024 Monthly Report

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PHMI Q4 2023 Quarterly Report

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PHMI November 2023 Monthly Report

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PHMI October 2023 Monthly Report

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PHMI Q3 2023 Quarterly Report

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PHMI August 2023 Monthly Report

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PHMI July 2023 Monthly Report

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PHMI Q2 2023 Quarterly Report

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PHMI May 2023 Monthly Report

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PHMI April 2023 Monthly Report

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PHMI Q1 2023 Quarterly Report

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PHMI February 2023 Monthly Report

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PHMI January 2023 Monthly Report

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PHMI Q4 2022 Quarterly Report

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PHMI November 2022 Monthly Report

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PHMI October 2022 Monthly Report

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PHMI Q3 2022 Quarterly Report (Published 22nd November 2022)

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PHMI August 2022 Monthly Report

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PHMI July 2022 Monthly Report

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PHMI Q2 2022 Quarterly Report (Published 22nd August 2022)

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PHMI May 2022 Monthly Report

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PHMI Q1 2022 Quarterly Report (Published 18 May 2022)

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PHMI February 2022 Monthly Report (Published 21 April)

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PHMI January 2022 Monthly Report (Published 22 March 2022)

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PHMI Q4 2021 Quarterly Report (Published 22 February 2022)

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PHMI November 2021 Monthly Report (Published 20 January 2022)

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PHMI October 2021 Monthly Report (Published 16 December 2021)

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PHMI Q3 2021 QUARTERLY Report (Published 23 November 2021)

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PHMI August 2021 MONTHLY Report (Published 19 October 2021)

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PHMI July 2021 MONTHLY Report (Published 20 September 2021)

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PHMI Q2 2021 QUARTERLY Report (Published 23 August 2021)

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PHMI May 2021 MONTHLY Report (Published 19 July 2021)

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PHMI April 2021 MONTHLY Report (Published 18 June 2021)

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PHMI Q1 2021 QUARTERLY Report (Published 26 May 2021)

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PHMI February 2021 MONTHLY Report (Published 21 April 2021)

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PHMI January 2021 MONTHLY Report (Published 19 March 2021)

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