The index measuring activity growth has deteriorated for the second consecutive quarter. Despite this, it remains above the long-run average.
The FNB/BER Civil Confidence remained unchanged in the second quarter of 2026, holding steady after a sharp 9-point drop to 43 in the first quarter, as the construction sector showed mixed signals between improving order books and softer activity growth.
While the headline index was stable, more than 55% of respondents reported dissatisfaction with prevailing business conditions, reflecting ongoing pressure in the sector. Growth in construction works also slowed marginally over the period.
The measure tracking activity growth declined for a second consecutive quarter, although it remained above its long-term average, suggesting resilience despite weaker momentum.
FNB senior economist Siphamandla Mkhwanazi said the survey pointed to a likely easing in construction activity this quarter, driven by a higher cost environment and elevated uncertainty linked to geopolitical tensions.
