BER press release
Inflation Expectations, 2022Q3, press release
Date Uploaded: Sep 22 2022 3:00PM
During the third quarter, respondents, on average, expected inflation to accelerate to 6.5% this year and then moderate to 5.9% next year and further to 5.3% in 2024. In terms of the different social groups, analysts revised their expectations for 2023
read moreDuring the third quarter, respondents, on average, expected inflation to accelerate to 6.5% this year and then moderate to 5.9% next year and further to 5.3% in 2024. In terms of the different social groups, analysts revised their expectations for 2023 upwards by 0.5% pts, while business people and trade unionists made more modest upward adjustments of 0.2% pts and 0.1% pt respectively.
Retail survey results 2022Q3, press release
Date Uploaded: Sep 20 2022 9:00AM
Retail confidence has proven surprisingly resilient despite the effect of high inflation and rising interest rates on the disposable income of consumers. The 2022Q3 BER Retail Survey shows that although general business conditions are down relative to Q3 last
read moreRetail confidence has proven surprisingly resilient despite the effect of high inflation and rising interest rates on the disposable income of consumers. The 2022Q3 BER Retail Survey shows that although general business conditions are down relative to Q3 last year, confidence levels have remained elevated and above the long-term average.
FNB/BER Building Confidence Index, 2022Q3, press release
Date Uploaded: Sep 13 2022 9:00AM
Building confidence, as measured by the FNB/BER Building Confidence Index, remained unchanged at 34 in 2022Q3. During the quarter, main contractors saw sentiment decline by 17 points, followed by building material manufacturers (-12) and quantity surveyors
read moreBuilding confidence, as measured by the FNB/BER Building Confidence Index, remained unchanged at 34 in 2022Q3. During the quarter, main contractors saw sentiment decline by 17 points, followed by building material manufacturers (-12) and quantity surveyors (-4). The downbeat sentiment of main contractors was due to a drop in confidence among residential builders. Meanwhile, the mood among non-residential builders improved significantly in 2022Q3 on the back of markedly better activity and somewhat better profitability.
FNB/BER Consumer Confidence Index, 2022Q3, press release
Date Uploaded: Sep 8 2022 10:00AM
After plunging from -13 to -25 during the second quarter of 2022, the FNB/BER Consumer Confidence Index (CCI) clawed back 5 index points to reach -20 in the third quarter. Consumer sentiment remains extremely depressed and signals a substantial deceleration
read moreAfter plunging from -13 to -25 during the second quarter of 2022, the FNB/BER Consumer Confidence Index (CCI) clawed back 5 index points to reach -20 in the third quarter. Consumer sentiment remains extremely depressed and signals a substantial deceleration in real consumer spending growth relative to the robust rates recorded at the start of the year.
RMB/BER Business Confidence Index 2022Q3, press release
Date Uploaded: Sep 7 2022 12:00PM
The RMB/BER Business Confidence Index (BCI) eased slightly further from 42 to 39 in the third quarter. Confidence among retailers and wholesalers remained comparatively high, while a notable improvement in sentiment among new vehicle dealers partly offset a
read moreThe RMB/BER Business Confidence Index (BCI) eased slightly further from 42 to 39 in the third quarter. Confidence among retailers and wholesalers remained comparatively high, while a notable improvement in sentiment among new vehicle dealers partly offset a 17-point deterioration in building confidence. The manufacturing BCI remained at a low level. While the third quarter drop in the RMB/BER BCI is disappointing, the other survey results indicate that another outright (quarter-on-quarter) contraction in real GDP is unlikely.
Inflation Expectations, 2022Q2, press release
Date Uploaded: Jul 21 2022 3:00PM
The average inflation expectations of analysts, business people and trade unions increased by 0.9 percentage points (% pts) for 2022, by 0.6% pts for 2023 and by 0.4% pts for 2024 since the previous survey. Respondents expect inflation to accelerate to 6.0%
read moreThe average inflation expectations of analysts, business people and trade unions increased by 0.9 percentage points (% pts) for 2022, by 0.6% pts for 2023 and by 0.4% pts for 2024 since the previous survey. Respondents expect inflation to accelerate to 6.0% this year but then to moderate to 5.6% and 5.4% during the subsequent two years.
FNB/BER Civil Confidence Index 2022Q2, press release
Date Uploaded: Jun 30 2022 9:00AM
Sentiment among contractors in the civil construction sector, as measured by the FNB/BER Civil Confidence Index, remained low at 10 in 2022Q2, from 9 in 2022Q1. The current index level means that ninety per cent of respondents are dissatisfied with prevailing
read moreSentiment among contractors in the civil construction sector, as measured by the FNB/BER Civil Confidence Index, remained low at 10 in 2022Q2, from 9 in 2022Q1. The current index level means that ninety per cent of respondents are dissatisfied with prevailing business conditions. Underpinning the still low confidence was poorer construction activity.
FNB/BER Consumer Confidence Index, 2022Q2, press release
Date Uploaded: Jun 29 2022 12:15PM
The FNB/BER Consumer Confidence Index (CCI) plunged to -25 in the second quarter of 2022, from -13 in the first quarter of the year. Bar the CCI reading of -33 in the second quarter of 2020, the current reading is the lowest in three decades and signals a
read moreThe FNB/BER Consumer Confidence Index (CCI) plunged to -25 in the second quarter of 2022, from -13 in the first quarter of the year. Bar the CCI reading of -33 in the second quarter of 2020, the current reading is the lowest in three decades and signals a marked slowdown in consumer spending in coming months.
BER Building Cost Index (BCI) 2022Q2, press release
Date Uploaded: Jun 28 2022 9:00AM
During the second quarter of 2022, annual growth in tender prices, as measured by the BER Building Cost Index (BCI), rose at the fastest pace in more than seven years (by more than 15%).
Other services survey results 2022Q2, press release
Date Uploaded: Jun 27 2022 10:00AM
Confidence in the other services sector rebounded to 52 in the second quarter. Activity expanded strongly in the hospitality sector for the third quarter in a row but weakened considerably in the transport sector. After a very strong first quarter, real
read moreConfidence in the other services sector rebounded to 52 in the second quarter. Activity expanded strongly in the hospitality sector for the third quarter in a row but weakened considerably in the transport sector. After a very strong first quarter, real estate activity drifted down in the second quarter. Activity in the crucial business services sector at long last staged a recovery. GDP growth in the second quarter is likely to benefit from the delayed recovery of the other services sector.