Heating and plumbing supplier Wolseley has reported a sharp drop in first-quarter trading profit in Britain as a slowdown in the country's economic recovery hurt construction activity.

Trading profit in the division fell 21 per cent in the three months through October to £19 million, the company said.

Like-for-like UK revenue fell 1.1 per cent in the August to October period as the market for the company's core repairs and maintenance business remained weak.

Britain's economic growth slowed more than expected in the three months to September after a slump in construction, which statisticians partly blamed on a wet August.

Revenue growth in Wolseley's US industrial business also disappointed in the first quarter as it continued to be affected by a weak oil and gas sector and the strength of the dollar.

"While we anticipated that growth would be Q2-weighted against strong comparatives for the U.S. business, this was slightly lower than anticipated, which we believe may be a disappointment to the market," Goodbody Capital Markets analyst said in a note to clients.

The company had cut its revenue growth outlook in September saying it expected little growth in a competitive British market and anticipated industrial markets in North America to remain challenging.