The First National Bank (FNB)/Bureau for Economic Research Building Confidence Index reached its highest level in a year, at 40 points, in the fourth quarter. This was two points higher than the 38 points recorded in the third quarter, bolstered by confidence being higher in all but two of the index subsectors, namely retailers and manufacturers of building material.
Source: www.engineeringnews.co.za
Building confidence index ticks up, but conditions unsatisfactory
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