National Building Materials And Home Furnishing Market Enters The Peak Season

- Aug 19, 2019-

Recently, the Department of Circulation Industry Development of the Ministry of Commerce and the China Building Materials Circulation Association jointly released the National Building Materials Home Furnishings Index BHI. In April, the national building materials home prosperity index (BHI) was 102.11, up 5.70 points month on month and up 2.35 points year on year. The sales of building materials and households above designated size in China reached 85.04 billion yuan in April, up 7.85% from the previous month and up 7.68% year-on-year. Cumulative sales from January to April 2018 were 276.77 billion yuan, up 12.23% year-on-year.

According to the analysis of the industry research department of China Building Materials Circulation Association, the national building materials and home furnishing market has entered the traditional decoration season since April, and BHI has continued to rise. It has been rising for the second consecutive month and the same period of the previous year. The overall market is stable and good.

The China Building Materials Circulation Association Industry Research Department pointed out that the pace of transformation and upgrading of the national building materials and home furnishing market began to accelerate significantly in 2018. From shopping environment upgrade to shopping experience upgrade, product quality upgrade, service quality upgrade, etc., it is to meet the current new consumption demand. In the future, smart homes and smart shopping malls will be the main battlefields for industrial upgrading and service transformation. It is recommended that enterprises take this as a starting point, comply with new trends in industry development, and grasp new opportunities for industry development. Deeply digging in the stock of real estate and renovating the market, leading new demands and promoting consumption upgrades.

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