Gross Fixed Capital Formation as a percentage of GDP edged marginally higher to 14.3 percent in 2022Q1 from 14.0 percent the previous quarter (2021Q4). Total investment increased by 3.6 percent q-q (Constant prices, seasonally adjusted) against overall GDP growth of 1.9 percent.
According to Stats SA recent release, the Construction Labour force ended marginally lower in the 1st quarter of 2022, compared to the same period in 2021. This affected around 6 000 job opportunities, with strong movements between provinces. Limpopo showed the strongest recovery since the 1st quarter of 2021, followed by Kwazulu Natal. Both Gauteng…
Annual producer inflation accelerated to 13.1 percent in April 2022, from 11.9 percent in March 2022, mainly due to the increase in diesel prices up by 8.4 percent on a month on month basis (44.3 percent on a year on year basis).
The annual increase in the composite construction material price index edge slightly higher to an annual increase of 12.9 percent y-y in April 2022 from 12.5 percent in March. Several materials have shown an above average inflationary increase, amongst others, paint, carpentry of wood, pipes, tubes and fittings, ceiling boards, bituminous mixtures and reinforcing steel….
Liquidations in the construction sector was at the highest monthly level in April 2022 since September 2018, with a total of 13 liquidations recorded for the month. The construction sector is bearing the brunt of lack of infrastructure spending and weak investor demand as liquidations increased by 44 percent y-y in the first four months…
The Estimated Tender Value index continued to decline and fell for the 3rd consecutive month in April 2022, down 5 percent to 158.1, following the 7 percent and 1 percent decline in the previous two months. In real terms civil tender values fell by 12 percent y-y during the first four months of 2022 compared…
Retail trade sales of hardware, paint and glass fell by 6 percent m-m (constant prices) in March and was down by 12.4 percent on a year on year basis. Overall it was a weaker first quarter down 10 percent y-y to R22.1bn. Trade sales in the construction market underperformed the overall market, as total retail…
Consumer inflation was unchanged at 5.9 percent for April 2022, remaining near the Reserve Bank’s upper target range of 6 percent. The repo rate was increased by 25 basis points at the last three meetings and the pace of increase is expected to gain momentum as inflationary risks escalate.
Cement imports declined by 25 percent m-m during the month of March 2022 to just over 51,000 tons, mainly from Vietnam. This was also lower by 38.7 percent y-y compared to the same period in 2021. Overall imports were weaker for the 1st quarter down 32.7 percent.
The annual increase in the composite construction material price index slowed to 12.5 percent y-y in March 2022 from 13.2 percent in February. Several materials have shown an above average inflationary increase, amongst others, paint, pipes, tubes and fittings, ceiling boards, bituminous mixtures and reinforcing steel.
Private sector building approvals weakened during May 2026, with…
What is the Provincial Construction Pipeline? The Provincial Construction…
