A further weakening in building activity on our cards

A further weakening in building activity on the cards despite a slight rise in the Building Confidence Index:

  • The FNB/BER Building Confidence Index rose to 35 index points in 3Q2017, from 32 in 2Q2017.
  • Three of the six sub-sectors registered higher confidence in the quarter, led by building material manufacturers where confidence increased by 29 index points.
  • In contrast to the higher confidence, growth in activity – especially among main contractors, architects and quantity surveyors – deteriorated.
  • Despite a slight increase in the overall Building Confidence Index, the building sector likely continued to weaken in 3Q2017 with little (if any) sign of improvement in 4Q2017.

Read more here: FNB-BER Building Confidence Index – Q3 2017