FNB Building Confidence Index

Business Confidence Index
Consumer Confidence Index
Purchasing Managers' Index
Building Confidence Index
Civil Confidence Index

FNB Building Confidence Index

The FNB/BER Building Confidence Index reveals the percentage of respondents that are satisfied with prevailing business conditions in six sectors, namely architects, quantity surveyors, main contractors, sub-contractors (plumbers, electricians, carpenters and shop fitters), manufacturers of building materials (cement, bricks and glass) and retailers of building material and hardware. This means that the index covers the entire building construction pipeline: from planning (represented by the architects and quantity surveyors), renovations, additions, owner builders, the informal sector (represented by building material and hardware retailers) and production (manufacturers of building materials) to the actual erection of buildings by main contractors and sub-contractors.

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FNB/BER Building Confidence Index, 2023 (excel), 2023Q3

Date Uploaded: September 13 2023 09:00


After slipping to 28 in 2023Q2, sentiment in the building sector, as measured by the FNB/BER Building Confidence Index, gained six points to register a level of 34 in 2023Q3. The current level of the index means that more than 65% of respondents are dissatisfied with prevailing business conditions. Supporting the uptick in confidence was an improvement in activity, especially among builders. This also lifted overall profitability. In all, the recovery in the building sector, at the very least, maintained its momentum in 2023Q3.