BER press release
FNB/BER Civil Confidence Index 2023Q1, press release
Date Uploaded: Mar 29 2023 9:00AM
The FNB/BER Civil Confidence Index increased to a more than six-year high of 42 in 2023Q1, from 31 in 2022Q4. Sentiment has now improved for four consecutive quarters. Underpinning the improved sentiment was a marked increase in activity, which also boosted
read moreThe FNB/BER Civil Confidence Index increased to a more than six-year high of 42 in 2023Q1, from 31 in 2022Q4. Sentiment has now improved for four consecutive quarters. Underpinning the improved sentiment was a marked increase in activity, which also boosted profitability.
Building Cost 2023Q1, Press Release
Date Uploaded: Mar 28 2023 9:00AM
During the fourth quarter of 2022, annual growth in tender prices, as measured by the BER Building Cost Index (BCI), was downwardly revised.
Retail survey results 2023Q1, press release
Date Uploaded: Mar 27 2023 10:00AM
Trends in the internal trade sector (retail, wholesale and motor vehicles) signal information about the demand side of the economy. The BER’s latest trade survey results suggest a sector facing weak consumer demand. Confidence among retailers is the weakest
read moreTrends in the internal trade sector (retail, wholesale and motor vehicles) signal information about the demand side of the economy. The BER’s latest trade survey results suggest a sector facing weak consumer demand. Confidence among retailers is the weakest it has been since 2020Q2, right at the start of the COVID-19 pandemic.
FNB/BER Consumer Confidence Index, 2023Q1, press release
Date Uploaded: Mar 23 2023 10:00AM
Consumer confidence has been rocked by the electricity crisis and cost-of-living concerns. Having recovered from -20 to -8 index points during the fourth quarter of 2022, the FNB/BER Consumer Confidence Index (CCI) plunged to -23 index points during the first
read moreConsumer confidence has been rocked by the electricity crisis and cost-of-living concerns. Having recovered from -20 to -8 index points during the fourth quarter of 2022, the FNB/BER Consumer Confidence Index (CCI) plunged to -23 index points during the first quarter of 2023. This is the third-lowest CCI reading on record since 1994.
Other services survey results 2023Q1, press release
Date Uploaded: Mar 22 2023 12:00PM
Other services confidence plummeted from 68 to 45 in the first quarter of 2023. The fall stemmed from the transport and business services sub-sectors. Confidence in the hospitality sub-sector increased further and declined slightly in the real estate
read moreOther services confidence plummeted from 68 to 45 in the first quarter of 2023. The fall stemmed from the transport and business services sub-sectors. Confidence in the hospitality sub-sector increased further and declined slightly in the real estate sub-sector.
Inflation Expectations Press 2023Q1
Date Uploaded: Mar 16 2023 10:00AM
In the first quarter of 2023, the average inflation expectations of analysts, business people and trade unions for 2023 and 2024 increased by 0.2 percentage points (% pts) relative to the fourth quarter of 2022. They forecast inflation to average 6.3% in 2023
read moreIn the first quarter of 2023, the average inflation expectations of analysts, business people and trade unions for 2023 and 2024 increased by 0.2 percentage points (% pts) relative to the fourth quarter of 2022. They forecast inflation to average 6.3% in 2023 and 5.8% in 2024. Thereafter, the respondents expect inflation to subside to 5.5% in 2025.
FNB/BER Building Confidence Index, 2023Q1, press release
Date Uploaded: Mar 13 2023 9:00AM
After slipping by one point in 2022Q4, sentiment in the building construction sector, as measured by the FNB/BER Building Confidence Index, remained at 33 in 2023Q1. The current level of the index means that almost 70% of respondents are dissatisfied with
read moreAfter slipping by one point in 2022Q4, sentiment in the building construction sector, as measured by the FNB/BER Building Confidence Index, remained at 33 in 2023Q1. The current level of the index means that almost 70% of respondents are dissatisfied with prevailing business conditions. Importantly, the relatively downbeat sentiment belies a noticeable improvement in contractor activity this quarter.
RMB/BER Business Confidence Index 2023Q1, press release
Date Uploaded: Mar 8 2023 12:00PM
The RMB/BER Business Confidence Index (BCI) declined further from 38 in the fourth quarter to 36 in the first quarter of 2023. While the outcome could have been worse given the severity of power outages and the associated drop-off in business activity, the
read moreThe RMB/BER Business Confidence Index (BCI) declined further from 38 in the fourth quarter to 36 in the first quarter of 2023. While the outcome could have been worse given the severity of power outages and the associated drop-off in business activity, the result is nonetheless disappointing. The business mood certainly remains gloomy.
Inflation Expectations Press 2022Q4
Date Uploaded: Jan 16 2023 10:00AM
Average inflation expectations of analysts, business people and trade unions for 2022 edged up from 6.5% in the third quarter of 2022 to 6.6% in the fourth quarter. Expectations for 2023 rose from 5.9% to 6.1% and for 2024 it increased from 5.3% to 5.6%.
read moreAverage inflation expectations of analysts, business people and trade unions for 2022 edged up from 6.5% in the third quarter of 2022 to 6.6% in the fourth quarter. Expectations for 2023 rose from 5.9% to 6.1% and for 2024 it increased from 5.3% to 5.6%.
Building Cost 2022Q4, press release
Date Uploaded: Jan 11 2023 9:00AM
During the fourth quarter of 2022, annual growth in tender prices, as measured by the BER Building Cost Index (BCI), outpaced input costs.