The Estimated Tender Value index recorded its first positive growth in 6 months, up 2.9 percent m-m in August to 150.5, following an average month on month decline of 3.4 percent between February 2022 and July 2022. In real terms civil tender values are up a modest 1 percent y-y in the first eight months…
Total capital expenditure by metropolitan areas, related to selected infrastructure departments, decreased by 18 percent y-y (nominal not adjusted for inflation) in the 4th quarter of the 2021/22 financial year (as of June 2022) to R6.0bn. Total expenditure in the 2021/22 financial period, fell by 8.2 percent to R16.5bn. Metro’s spent 73 percent of their…
Mining production of building materials increased by 2 percent m-m in July 2022, representing a modest 1 percent increase compared to the same period in 2021. The nominal rand value of building material sales increased by a below inflationary increase of 4 percent y-y in the first seven months of 2022 to just over R7bn.
Investment in construction fell by 9 percent y-y (real terms) in the 2nd quarter of 2022, following the 8.6 percent decline in Q1. Investment contracted across all three segments, including residential, non-residential and construction works.
The postponement rate in the civil industry accelerated to 31 percent as at June 2022 from 27 percent the previous quarter, measured over a 4 quarter running total.
The CRMS index edged slightly higher by 0.2 percent to 72.4 in August 2022. Contractors and Property Funds active in the non-residential sector reported losses, but this was counteracted by gains in the retailers and suppliers market including Afrimat, Massmart and Italtile.
The Construction Material Price Index accelerated to an annual increase of 14.3 percent y-y in July 2022 from 13.4 percent in June. The price index for roads increased by an above average rate of 20 percent.
Annual producer price inflation was 18,0% in July 2022, up from 16,2% in June 2022.
Wholesale trade sales of construction and building materials increased by 9.9 percent y-y (current prices) in June to R12.7bn although sales were lower by 8.6 percent compared to the same month in 2021. In real terms, adjusted for inflation, sales increased by 1.9 percent y-y for the first six months of 2022. By comparison retail…
The total number of SQM approved for private sector building construction increased by 11.3 percent y-y in June 2022, as an increase in approvals for housing in Gauteng and Western Cape was offset by a contraction across all three sub-segments in the non-residential market.
Private sector building approvals weakened during May 2026, with…
What is the Provincial Construction Pipeline? The Provincial Construction…
