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Other Services confidence declined by 14 points to 55 in the first quarter of 2026. Though this is a statistically significant decline, at 55, confidence remains comfortably above both the 2025 average and the long-run average. The results suggest that the decline in confidence largely reflects a normalisation from the exceptionally strong fourth quarter rather than a broad deterioration in the sector.
Read MoreIn the first quarter of 2026 (the second survey after the inflation target changed to 3%), the average five-year inflation expectations of the three professional groups declined slightly to a record low of 3.6% (from 3.7% previously). Next-year expectations also declined marginally (0.1% pts) to 3.6%. In contrast, household inflation expectations reversed its downward trend; one-year expectations were measured at 5.4% (5.3% previously), while five-year expectations rose from 7.7% to 8.4%.
Read MoreAccording to the latest BER Retail Survey, business confidence among retailers declined from 43% to 36% in the first quarter of 2026. After a year of solid optimism, supported by strong retail sales and consumer spending, retailer confidence lost momentum in 2026Q1. However, the survey details suggest the retail sector may simply be taking a breather rather than heading for a downturn.
Read MoreThe FNB/BER Building Confidence Index remained relatively stable in 2026Q1, losing one point to register a level of 42. Sentiment edged lower despite a broad improvement in activity and overall profitability. The important exceptions, however, were residential builders and building material manufacturers.
Read MoreThe RMB/BER Business Confidence Index (BCI) rose by a further 3 points to 47 in the first quarter of 2026, building on the improvement in the fourth quarter of 2025. The BCI now stands six points above its long-term average and a solid 20 points above the post-COVID low reached in 2023Q2.
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