Total member revenue for Q1 2016 shows a 13% increase on the same period last year. The sector Q1 year-on-year rise is largely consistent across all member firms. Sector revenue showed a month-on-month increase during Q1. January was up 15% on December; February up 9% on January; and March up 4% on February. The monthly moving average increase for Q1 was 10% and is also largely consistent across the sector.
The 2015 Index confirms that Q3 accounted for the highest percentage of members’ revenue in 2015. As in 2014, September and October were the highest grossing months last year. Q3 was consistently the highest grossing period for members in 2015. The Index presentation of overall monthly revenues confirms that September was the month where revenue most exceeded the 2015 monthly average. The top grossing individual revenue months in 2015 are mostly within Q3.
A total of 153 branches, an increase of three since the last collection in Q4 2015, throughout the country take part in the monthly business index and since the third quarter of 2015 we have been collecting the results quarterly.