Retail trade sales of hardware, paint and glass fell by 8.6 percent y-y (constant prices) in June, marking the 12th consecutive month of decline. Sales fell by 3 percent in the 2nd quarter of 2022 to R22.9bn, following the 10 percent decline in Q1. Trade sales in the construction market underperformed the overall market, as…
Liquidations in the construction sector accelerated in the 2nd quarter of 2022. Following a 8 percent y-y increase in 2022Q1, liquidations increased by 183 percent y-y during the 2nd quarter, as business conditions continue to deteriorate.
The total number of SQM approved for private sector building construction fell by 2.8 percent y-y in May 2022, with a weaker housing market alongside a 17 percent increase in approvals for non-residential buildings.
Regulated administered prices increased by 23.4 percent y-y, pushing overall consumer inflation to 7.4 percent in June 2022.
Mining production of building materials decreased by 11.8 percent y-y in May 2021, marking the 3rd consecutive month of negative year on year growth. The rand value of granite or norite sales increased by 14 percent y-y in the first five months of 2021, while the value of limestone and lime sales fell by 2…
Wholesale trade sales of construction and building materials increased by 21 percent m-m (current prices) in May to R14.1bn although sales were just marginally higher compared to the same month in 2021, up 0.5 percent y-y. In real terms, adjusted for inflation, sales increased by 2 percent y-y for the first five months of 2022….
The Estimated Tender Value index continued to decline and fell for the 5th consecutive month in June 2022, down 1.5 percent m-m to 148.9, following the 3.9 percent and 4.9 percent decline in the previous two months. In real terms civil tender values fell by 30 percent y-y during the first six months of 2022…
Annual producer inflation accelerated to 14.7 percent in May 2022, from 13.1 percent in April 2022.
Turnover in the local construction sector contracted by 9.8 percent y-y (nominal terms) in the 1st quarter of 2022 to R72.4bn. Smaller enterprises bucked the trend as their combined turnover nearly doubled compared to the same period last year. Profit margins were weaker, with larger enterprises reporting the largest overall loss for the first time…
The increase in the composite Construction Material Price Index accelerated to an annual increase of 14.7 percent y-y in May 2022 from 12.9 percent in April. Various materials have shown robust double digit increases over the past year, supporting the overall acceleration in the index.
