The Builders Merchant Building Index (BMBI) report is undergoing a significant relaunch, now featuring sales data from builders’ merchants covering 92% of national sales in Great Britain. This is up from just over 80% and serves as a reliable means of measuring the construction market.
This new data is made possible by GfK’s Builders Merchants leaderpanel, which captures generalist builders’ merchants’ sales throughout Great Britain. The addition of Huws Gray, JT Dove and CMO Stores to the panel means the BMBI report is now the most accurate and comprehensive monitor of market performance available.
The report is used by merchants, their customers and suppliers, as well as companies and organisations outside of construction who want to know the trends and what is driving them. It has even caught the attention of the US Senate, US State Department, Bill & Melinda Gates Foundation and other financial institutions.
Emile van der Ryst, Key Account Manager at GfK – an NiQ company – commented: “Since its inception in 2014 GfK’s Builders Merchants leaderpanel has become a key market barometer through its usage in the BMBI. It’s become a reference point for industry leaders, financial institutions, and government organisations. After a relaunch of the data in 2020 we are now pleased to announce the latest relaunch, which comes into effect with the October 2023 dataset. The key missing market contributor, Huws Gray, is included for the first time alongside CMO Stores and JT Dove, both well-known market players.”
Mike Rigby, Managing Director of MRA Research which produces the BMBI report, added: “Once you track over 90% of builders’ merchants’ sales of building materials to builders and tradespeople the numbers are, practically speaking, the market itself, not an estimate or approximation of it. That’s a crucial distinction.”
John Newcomb, Chief Executive of the Builders Merchants Federation (BMF) concluded: “BMBI is as accurate a measure of the market as it’s possible to get. That’s one reason we call GfK’s Builders Merchants leaderpanel, ‘gold standard’ data. And it’s why so many decision makers and influencers regularly spend so much time poring over the reports and video debates from the BMBI Experts on www.bmbi.co.uk.”
As the year 2023 is coming to a close, the Builders Merchant Building Index (BMBI) report has undergone a significant relaunch, now featuring sales data from builders’ merchants covering 92% of national sales in Great Britain. This new data is made possible by GfK’s Builders Merchants leaderpanel, and is the most accurate and comprehensive monitor of market performance available.
The report is used by merchants, their customers and suppliers, as well as companies and organisations outside of construction who want to know the trends and what is driving them. It has even caught the attention of the US Senate, US State Department, Bill & Melinda Gates Foundation and other financial institutions.
Emile van der Ryst, Key Account Manager at GfK – an NiQ company – commented: “We are now pleased to announce the latest relaunch, which comes into effect with the October 2023 dataset. The key missing market contributor, Huws Gray, is included for the first time alongside CMO Stores and JT Dove, both well-known market players.”
Mike Rigby, Managing Director of MRA Research which produces the BMBI report, added: “Once you track over 90% of builders’ merchants’ sales of building materials to builders and tradespeople the numbers are, practically speaking, the market itself, not an estimate or approximation of it. That’s a crucial distinction.”
John Newcomb, Chief Executive of the Builders Merchants Federation (BMF) concluded: “BMBI is as accurate a measure of the market as it’s possible to get. That’s one reason we call GfK’s Builders Merchants leaderpanel, ‘gold standard’ data. And it’s why so many decision makers and influencers regularly spend so much time poring over the reports and video debates from the BMBI Experts on www.bmbi.co.uk.”
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.