According to our latest survey results, conducted over the last 12 months, 45 percent of purchases are determined by the professional team, while place or location is the second most important consideration accounting for 20,5 percent of responses received. Access to account facilities was mentioned by 16,2 percent respondents, while price was listed as the…
Liquidations in the construction sector increased by 180 percent y-y during the month of August, mainly related to voluntary liquidations of CC’s. Overall liquidations are up 76 percent y-y during the first two months (July and August) of the 3rd quarter, while, by comparison, overall liquidations in the country by 26 percent during the same…
Retail trade sales of hardware, paint and glass fell by 3.0 percent y-y (constant prices) in July, marking the 13th consecutive month of decline. Sales fell by 7.7 percent y-y in the seven months to July 20222. Trade sales in the construction market significantly underperformed the overall market, as total retail trade sales (constant prices)…
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.
