Building confidence registers sharp fall in Q2

The FNB/BER Building Confidence Index lost 11 points to register a level of 32 in 2Q2017:

  • Confidence was lower in all of the sub-sectors measured which signifies a broad-based softening in the building sector.
  • Underpinning the lower confidence was continued weak activity, especially among non-residential contractors and building sub-contractors. In contrast, residential building activity improved somewhat.
  • On balance, the building sector likely fared poorly in 2Q2017.

Read more here: FNB/BER Building Confidence Index