With South Africa’s construction sector in the doldrums, it is vital that material suppliers get smarter.
Continued evidence of some diverging trends at segment level in the planning and construction phases of residential building activity.
A growing trust deficit between the government and the private sector threatens to derail efforts to turn around the struggling construction sector, but government is intensifying its efforts to build meaningful relationships with the industry.
Despite the headwinds facing the world economy, the global construction sector entered 2019 with significant momentum, having seen growth of five percent in 2018.
May StatsSA Building Statistics – Very strong Residential Completions growth still, while on the Non-Residential side Industrial and Warehouse building activity appears to be the provider of “relative stability”
Based on data released by Statistics South Africa, private sector-financed building activity in the South African market for new housing continued to show divergent trends in the first four months of 2019, which might be related to lags in reporting.
The first quarter of 2019 saw significant diverging trends at a segment level in private sector financed residential building activity in South Africa.
Today Construction Output, Construction New Orders and Construction Prices have been designated as National Statistics by the Office for Statistics Regulation (OSR).