Retail trade sales in hardware, paint and glass fell for the 14th consecutive month in August 2022, down 9.4 percent y-y in real terms, against an overall increase of 2 percent in total retail trade sales.
Our monthly review on current trends in the construction industry is now available, including our three year macro economic and construction forecast. The review includes an update of the construction pipeline at a provincial level, a look at public sector capital expenditure on construction works, local government expenditure on infrastructure and other key indicators. Please…
The CRMS index increased by 5.7 percent m-m in October 2022, supported largely by an increase in the overall market cap values of property funds. The contractors, retailers and suppliers indices reported overall losses for the month. However October was a little better than September, as a lower 55 percent of the companies included in…
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…
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.
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…
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.
Investment in construction fell by 0.8 percent q-q (constant, annualised rates) in the 1st quarter of 2022 to R230.4bn (2015 prices). Residential investment fell by 1.9 percent while non-residential investment turned the tide an increased by 2.0 percent, representing 14 percent of total investment in construction. Construction works contributed 49 percent to total construction investment…
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.
Private sector building approvals weakened during May 2026, with…
What is the Provincial Construction Pipeline? The Provincial Construction…
