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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.
Date Uploaded: November 25 2024 09:00
The FNB/BER Building Confidence Index was unchanged at 40 in 2024Q4. The stable sentiment reading masks a noticeable improvement in conditions among main contractors with respect to activity, employment and overall profitability. However, looking ahead, still weak order books suggest that further growth could be limited.