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%.
Mike Rigby, Managing Director of MRA Research which produces the report said: “The year 2025 started well but ended in disappointment with business and consumer spending paralysed by dire warnings about the Autumn Budget. In the event the Budget’s bark was worse than its bite, but delayed sales leave a hole. Poor weather also blighted building sites during the final weeks of the year and into 2026.”
Quarter-on-quarter, like-for-like value sales for Q4 were +11.8% higher than Q3. Like-for-like volume sales for October to December were up +2.9% compared to July to September. With four less trading days in the most recent period, unadjusted total value sales were +4.9% up, with volumes down -3.4% and prices up +8.6%.
To download the latest report www.phmi.co.uk
Image: PHMI Q4 2025 Highlights Infographic – Total (unadjusted) value sales (PHMI)
