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 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.
Wholesale trade sales of construction and building materials increased by 9.9 percent y-y (current prices) in June to R12.7bn although sales were lower by 8.6 percent compared to the same month in 2021. In real terms, adjusted for inflation, sales increased by 1.9 percent y-y for the first six months of 2022. By comparison retail…
The construction labour force expanded by 9.7 percent q-q in the 2nd quarter of 2022 to 1 177 000. The growth in the labour force was supported by a 15 percent q-q increase in the formal sector. Western Cape was the only higher capacity province that showed a drop in the labour force, while Gauteng…
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.
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…
Actual capital expenditure by metropolitan areas on infrastructure related items, such as housing, roads, water and energy fell by 5 percent y-y in September 2021, despite an 11 percent increase in budgetary allocations for the 2021/22 period to R24.8bn. Metro’s managed to spend only 75 percent of their “construction related capital expenditure budgets” in the…
Private sector building approvals weakened during May 2026, with…
What is the Provincial Construction Pipeline? The Provincial Construction…
