BER press release
Inflation Expectations, 2022Q2, press release
Last updated: Jul 20 2022 1:30PM
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
Last updated: Jun 29 2022 6:40PM
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
Last updated: Jun 29 2022 11:45AM
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
Last updated: Jun 27 2022 1:30PM
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
Last updated: Jun 27 2022 7:33AM
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.
FNB/BER Building Confidence Index, 2022Q1, press release
Last updated: Jun 22 2022 8:05AM
Building sector confidence, as measured by the FNB/BER Building Confidence Index, declined to 34, from 40 in 2022Q1. By far the biggest drag on confidence was the building material manufacturing sector where confidence fell by 43 index points to only 12. This
read moreBuilding sector confidence, as measured by the FNB/BER Building Confidence Index, declined to 34, from 40 in 2022Q1. By far the biggest drag on confidence was the building material manufacturing sector where confidence fell by 43 index points to only 12. This was partially offset by a 21-point jump in main contractor confidence. On a more positive note, confidence in the “core” building sector (excluding building material manufacturers and hardware retailers) increased to 35, from 31 in 2022Q1.
Retail survey results 2022Q2, press release
Last updated: Jun 21 2022 12:31PM
With rising interest rates and inflation sitting at the top of the SARB’s target range, the results from this quarter’s BER Retail Survey surprised on the upside. Retailer confidence remained at an elevated level of 49% (above the long-term average of 40%).
read moreWith rising interest rates and inflation sitting at the top of the SARB’s target range, the results from this quarter’s BER Retail Survey surprised on the upside. Retailer confidence remained at an elevated level of 49% (above the long-term average of 40%).
RMB/BER Business Confidence Index 2022Q2, press release
Last updated: Jun 8 2022 1:30PM
The RMB/BER BCI declined from 46 to 42 in the second quarter. Although manufacturers and new vehicle dealers experienced a sharp deterioration in sentiment, building contractors turned decisively more upbeat. Confidence among retailers and wholesalers
read moreThe RMB/BER BCI declined from 46 to 42 in the second quarter. Although manufacturers and new vehicle dealers experienced a sharp deterioration in sentiment, building contractors turned decisively more upbeat. Confidence among retailers and wholesalers remained largely unchanged at relatively high levels.
2021 NDP Assessment Report, press release
Last updated: Apr 7 2022 9:32AM
At the end of 2021, the BER in collaboration with its partners completed the annual Assessment Report of South Africa’s progress towards its development objectives. It was shared with Cabinet in November last year and the BER is now able to distribute the
read moreAt the end of 2021, the BER in collaboration with its partners completed the annual Assessment Report of South Africa’s progress towards its development objectives. It was shared with Cabinet in November last year and the BER is now able to distribute the document more widely. The Report demonstrates the extent of the damaged caused by the COVID-19 pandemic, but some indicators also suggest reason for optimism.
FNB/BER Civil Confidence Index 2022Q1, press release
Last updated: Mar 30 2022 3:37PM
The FNB/BER Civil Confidence Index declined to 9, from 15 in 2021Q4. Overall, a stabilisation in activity growth and an expectation that activity will improve further next quarter was unable to offset concerns about the slow pace at which project tenders are
read moreThe FNB/BER Civil Confidence Index declined to 9, from 15 in 2021Q4. Overall, a stabilisation in activity growth and an expectation that activity will improve further next quarter was unable to offset concerns about the slow pace at which project tenders are adjudicated and awarded.