Recent data from FNB’s latest building confidence index reveals a mixed bag of sentiment across all sectors.
Recent data for the final quarter of 2022 from the FNB/BER Building Confidence Index showed that sentiment in the building construction sector slipped on the back of negative sentiment in specific sectors outweighing smaller positive gains.FNB said that this slight decrease indicates stability across the sectors as a whole; however, they are stable at a historically low level.
“After declining for the most part of the last few years, it seems as if building activity has finally stabilised.” He added that this trend was unexpected, given the consistent improvement in the building pipeline reported by respondents for much of 2022. Positive movements were reported in the overall sentiment of building material manufacturers , main contractors and quantity surveyors .
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