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Latest figures from the British Coatings Federation show that, for the second consecutive year, paint sales have outperformed GDP, with an increase of 5% in volume during 2014, against economic growth of 3%.
"We’ve seen excellent growth in the trade paint sector, which experienced near double-digit growth, due to the combined effect of general economic recovery and the growth in new house building,” commented Tom Bowtell, Chief Executive of the BCF.
Woodcare products also had a very good year, with double-digit growth, helped, in part, by the much better weather last year compared to 2013.
