Building confidence lower in Q4, but main contractor activity encouraging

Building confidence was lower in the fourth quarter, but results, especially for main contractor activity, were encouraging. However, while the latest results confirm that the decline in building activity has stabilised, it is prudent to be cautious about prospects for 2023. According to the FNB/BER Building Confidence Index, which shed one point to register a level of 33 for the fourth quarter, the results for the sub-sectors were mixed, with three sectors recording sharply higher confidence while the other three saw a marked decrease in sentiment. Confidence moved largely sideways, with encouraging results for especially main contractor activity. The index…

Building confidence was lower in the fourth quarter, but results, especially for main contractor activity, were encouraging.