The Pulse: The industry is under pressure, but merchants are confident in the prospects for their own business
A darkening global economy, continuing price pressures, and a cost-of-living crisis are hitting consumer confidence and dampening builders’ merchants’ sales expectations.
Confidence in the market is low but it’s improved since last month and merchants continue to be much more confident in the prospects for their own business than for the market.
Having given the Government’s mini-budget a massive thumbs down last month, merchants aren’t convinced the new Prime Minister can or will fix the UK economy. Merchants in Scotland are deeply sceptical.
The Pulse, by MRA Research, is a monthly tracking survey of merchants’ confidence and prospects. Telephone interviewing took place between 1st and 2nd November 2022 (2 working days).
The Pulse is a monthly trends survey that tracks builders’ merchants’ confidence and prospects over time and is produced by MRA Research, the market research division of MRA Marketing. View all reports here.
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