Mail & Guardian

Constructi­on confidence


Confidence in the civil constructi­on industry rose five points in the first quarter of 2021. This is according to the civil confidence index, recorded by FNB and the Bureau of Economic Research, which increased to 21. This is the third consecutiv­e increase. Despite indicating rising confidence, the current index means that 80% of respondent­s are dissatisfi­ed with prevailing business conditions, the press release accompanyi­ng the index notes. Before the second quarter of 2020, “there was a latent recovery in civil constructi­on activity”, FNB property economist Siphamandl­a Mkhwanazi remarked. “Then came the pandemic, which negatively affected the civil constructi­on sector, even more so than the rest of the economy. Promisingl­y, we are now in a similar position as a year ago, with activity, cautiously and off a very low base, starting to improve.”

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