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Petrol price (Gauteng) = 22.95/litre  Petrol price (Coastal) = 22.3/litre  CPI February '23 = 7% y-o-y  PPI manufacturing January '23 = 12.7%  GDP growth Q3 = 4% y-o-y  Prime interest rate = 10.5%  Unemployment rate Q4 = 32.7%  Retail sales January '23 = -0.8% y-o-y  Manufacturing output January '23 = -3.7% y-o-y 
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Building and Construction

Quarterly reports on the results and implications of the latest BER survey in the building and construction industries. Released in advance of official indicators of activity, it provides reliable and up-to-date information on current trends and a valuable perspective on the outlook for these sectors.

The information provided in the two reports is:

  • The Building report covers contractors and sub-contractors in the residential and non-residential markets. Furthermore, it includes architects and quantity surveyors. Apart from business confidence, survey data highlights current and expected trends in building activity, tendering competition and demand. The report also includes the FNB/BER Building Confidence Index.

    Regional perspectives are provided for the main provinces (Western Cape, KwaZulu-Natal and Gauteng).

  • The Construction report focuses on civil contractors. Apart from the FNB/BER Civil Confidence Index, survey data highlights trends in building activity, tendering competition and demand.

Click here for information on the survey method.

Civil Construction survey, 2023Q1 (Download sample)

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 more
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 profitability.


Building survey, 2023Q1 (Download sample)

Date Uploaded: Mar 14 2023 2:45PM

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 more
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 prevailing business conditions. Importantly, the relatively downbeat sentiment belies a noticeable improvement in contractor activity this quarter.


Building survey (executive summary), 2023Q1

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 more
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 prevailing business conditions. Importantly, the relatively downbeat sentiment belies a noticeable improvement in contractor activity this quarter.


Civil Construction survey, 2022Q4 (Download sample)

Date Uploaded: Dec 5 2022 9:00AM

After improving by 14 index points in 2022Q3, the FNB/BER Civil Confidence Index rose by a further 7 index points to record a level of 31 in 2022Q4. Underlying the improved mood was better activity that supported profitability. Furthermore, insufficient read more
After improving by 14 index points in 2022Q3, the FNB/BER Civil Confidence Index rose by a further 7 index points to record a level of 31 in 2022Q4. Underlying the improved mood was better activity that supported profitability. Furthermore, insufficient demand as a business constraint eased.


Building survey, 2022Q4 (Download sample)

Date Uploaded: Nov 30 2022 9:00AM

Sentiment in the building construction sector, as measured by the FNB/BER Building Confidence Index, slipped to 33 in 2022Q4, from 34 in 2022Q3. This means that the index has been broadly stable – at a historically low level – for much of the year. While the read more
Sentiment in the building construction sector, as measured by the FNB/BER Building Confidence Index, slipped to 33 in 2022Q4, from 34 in 2022Q3. This means that the index has been broadly stable – at a historically low level – for much of the year. While the composite confidence index is largely unchanged, building activity, particularly among residential main contractors, improved markedly.


Building survey (executive summary), 2022Q4

Date Uploaded: Nov 30 2022 9:00AM

Sentiment in the building construction sector, as measured by the FNB/BER Building Confidence Index, slipped to 33 in 2022Q4, from 34 in 2022Q3. This means that the index has been broadly stable – at a historically low level – for much of the year. While the read more
Sentiment in the building construction sector, as measured by the FNB/BER Building Confidence Index, slipped to 33 in 2022Q4, from 34 in 2022Q3. This means that the index has been broadly stable – at a historically low level – for much of the year. While the composite confidence index is largely unchanged, building activity, particularly among residential main contractors, improved markedly.


Civil construction survey, 2022Q3 (Download sample)

Date Uploaded: Sep 29 2022 11:15AM

After moving marginally higher to 10 in 2022Q2, the FNB/BER Civil Confidence Index increased further to 24 in 2022Q3, a level last reached in 2020Q1. Despite the improvement in sentiment, the current index level means that more than seventy-five per cent of read more
After moving marginally higher to 10 in 2022Q2, the FNB/BER Civil Confidence Index increased further to 24 in 2022Q3, a level last reached in 2020Q1. Despite the improvement in sentiment, the current index level means that more than seventy-five per cent of respondents were dissatisfied with prevailing business conditions.


Building survey, 2022Q3 (Download sample)

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 more
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 (-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.


Building survey (executive summary), 2022Q3

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 more
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 (-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.


Civil Construction survey, 2022Q2 (Download sample)

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 more
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 business conditions. Underpinning the still low confidence was poorer construction activity.


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