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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 30 2021 09:00
After slipping to 35 in 2021Q3, the FNB/BER Building Confidence Index was marginally lower at 34 in 2021Q4. Importantly, the “core” building sector index (excluding the hardware retailers and building material manufacturing sector) rose to 27, from 20 in 2021Q3. Although still very low, this is the best level since 2019Q2.