Growth is maintained at 13% nationally for first half 2016

Latest HAI Business Index member revenue figures for Quarter 2 2016 shows a 13% increase on the same period last year and that the year on year rise is even across urban/rural areas. Sector revenue showed a sharp rise in April and then broad consistency in May and June. The monthly moving average growth of 6% for Q2 peaks in urban and larger member branches.

42% of rural members offer agricultural supplies. The 2015 Index confirms that Quarter 3 accounted for the highest percentage of members’ revenue in 2015. As in 2014, September and October were the highest grossing months last year. Quarter 3 was consistently the highest grossing period for members in 2015. The Index presentation of overall monthly revenues confirms that September was the months where revenue most exceeded the 2015 monthly average. The top grossing individual revenue months in 2015 are mostly within Qtr. 3.

A total of 154 branches, an increase of one since the last collection in Q1 2016, throughout the country take part in the monthly business index and since the third quarter of 2015 we have been collecting the results quarterly.

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