BHETA ECONOMIC SNAPSHOT B BHETA ECO


ONOMIC SNAPSH T HOT


The latest facts and figures from the British Home Enhancement T Association – and what they mean for the home improvement industr y


HETA said:


TA DIY


director Paul Grinsell “Despite


sector the


understandably - lingering concerns about the Brexit


fall out and the consequent market uncertainty which is itself an issue for all UK suppliers, a slightly apprehensive sense of possible positives is starting to show through. “Worry about increasing costs for imported materials and products is a fact but, many of the market’s now negotiated rises


y,, Wo


suppliers have the


potential For many price are taking a hit; for a few that


circumstances dictate as inevitable. y,, the result is that margins few


w,, a take-it-or- r-


leave-it approach to the big multiple retailers is also proving successful, if strength of brand permits.


“Clever suppliers are not only making the best they can of the


home market; they are also using the present unique circumstances as a spur towards exploring new markets and new opportunities. Export is an obvious avenue and, the ‘buzz’ that was tangible at Ambiente and in bookings for the 5th Global DIY Summit, proves that many players are looking in this dir ection.


TIME TO BE BRA B


Trrades


we may have neglected in the past.” Consumer Price Index


– January 2017


“But a more open-minded view of the home market should be adopted too. In DIY and garden, an obvious option is the commercial sector – building products, professional user tools, landscaping and professional grower. It’s definitely a time for thinking outside of the conventional box! “I


would never advocate


complacency and it’s no doubt that there are mor e challenges, as well as opportunities, ahead but we should all be looking to the new opportunities on our doorstep that


The CPI rose by 1.8% in the year to January 2017, compar ed with a 1.6% rise in the year to December 2016. The rate in January 2017 was the highest since June 2014. The main contributors to the increase in the rate wer e rising prices for motor fuels and, to a lesser extent, food prices, which were unchanged between December 2016 and January 2017, having fallen a year ago. These upward pressures were partially offset by prices for clothing and footwear, which fell byr,, which fell b more than they did a year ago


hing and footwear


Retail Price Index – January 2017 The RPI 12-month rate for January 2017 stood at 2.6%, meaning that it was 0.8% higher than it would have been, had it used formulae that


ry


meet international standar d. Retail Sales – January 2017


by the three-month-


In January 2017, the quantity bought in the retail industry is estimated to have increased by 1.5% compared with January 2016 – the lowest growth since November 2013. Month- on-month the quantity bought is estimated to have fallen b y 0.3%. The underlying pattern, as suggested nth


h-on-three-mont


Average store prices (including fuel) increased by 1.9% on the year largest contribution to this increase came from petrol stations, where year- on-year average prices were estimated to have risen by 16.1%. Online sales (excluding fuel) incr eased by 10.1% year-on-year,r, but fell on the month by 7.2%; accounting for appr oximately 14.6% of all retail spending.


r,, r-


movement decreased by 0.4%; the first fall since December 2013. Av


e year the r-


B VRAVE AV


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