Construction confidence, as measured by the FNB/BER construction confidence index, has fallen to 55 points in the first quarter of 2014 after rising to 66 points in the fourth quarter of 2013.
But the index showed the outlook for the construction sector remained fairly upbeat, with a sharp increase in construction work and profitability expected in the second quarter.
But even though construction confidence decreased noticeably by falling 11 index points in the first quarter, the current level of the index still means the majority of respondents were “satisfied with prevailing business conditions”.
