The CRMS Index fell by 4.8 percent m-m in April 2022 to 77.5, with all of the sub markets reporting a weaker month. The contractor’s index fell by 8.1 percent, construction material suppliers by 5.8 percent, construction retailers by 1 percent and property funds by 5.3 percent. The market cap values of only a few…
The real value of building plans approved for private sector construction increased by 2 percent m-m in February 2022, but was significantly lower (down 28 percent y-y) compared to the same month in 2021. Approvals were lower across all market segments, with 3 out of the 4 higher capacity provinces recording a significant decline.
Consumer inflation accelerated to 5.9 percent y-y in March 2022 from 5.7 percent in February. Regulated administered prices jumped by 18.3 percent, from 16.7 percent, adding significant pressure to consumer inflation.
Wholesale trade sales of construction and building materials increased by 25 percent m-m (current prices) in February, after a slow December and January. Sales were also up by 11 percent y-y compared to the same month in 2021. In real terms, adjusted for inflation, sales however remain lower by 7 percent y-y for the first…
Retail trade sales of hardware, paint and glass increased by 4 percent m-m (constant prices) in February, but remains weaker compared to 2021. Sales in the first two months of 2022 were down 9 percent y-y compared to the same period last year. Total retail trade sales ended flat during the same period.
Since our last review, the outlook for global economic growth has weakened and this together with the Russian-Ukraine invasion will have serious consequences for emerging markets and the South African economy. Poor delivery within SOE’s continued with no improvement since our last review. However, considering the robust increase in the estimated value of civil tenders…
The Estimated Tender Value index moderated in February to 153.9, down 7.1 percent m-m, although levels remain well above the same time last year, up by 28 percent. Overall there was no change in the nominal value of civil tenders released during the 1st quarter of 2022 compared to the same period in 2021, but…
Manufacturing Production (seasonally adjusted index 2015=100) fell by 1.1 percent m-m in February 2022 following a 0.8 percent drop in January. Manufacturing of sawmilling and planing wood decreased by 1.1 percent, basic iron and steel products increased by 0.7 percent while production of glass and non-metallic products rebound with a 7 percent m-m increase.
According to Stats SA, materials used in the South African construction sector increased by 13.2 percent y-y in February 2022, from an annual increase of 14.5 percent in January. Several materials recorded double digit increases including paint, pipes, tubes and fittings, vinyl sheeting, bituminous mixtures, and steel.
Cement volumes imported slowed in February by 24 percent to just over 68 000 tons, mainly from Vietnam. Imports in February were also lower by 19 percent y-y compared to the same month in 2021.
Private sector building approvals weakened during May 2026, with…
What is the Provincial Construction Pipeline? The Provincial Construction…
