Tuesday, 20 August 2019 22:52

SARB Leading Business Cycle Indicator

SARB Leading Business Cycle Indicator – Further decline in June SARB Leading Business Cycle Indicator reading suggests likely further new mortgage lending and building weakness.

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.

Much in line with developments in 2018, private sector-financed building activity (see explanatory note) in the South African market for new housing showed divergent trends in early 2019, based on data released by Statistics South Africa.

Last week’s NERSA decided to allow a further above-inflation tariff hike.

Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.

Private sector-financed building activity (see explanatory note) in the South African market for new housing showed continued diverging trends on specifically a segment level in the first eight months of 2018, which caused the planning phase of new housing to have improved whereas the construction phase has contracted over this period.

Data published by Statistics South Africa with regard to private sector-financed residential building activity (see explanatory note) showed that the planning phase of new housing improved in the first seven months of 2018, whereas the construction phase contracted.

Properties in security estates have become increasingly sought-after in recent years, providing a sense of safety and tranquillity that can be difficult to find in freehold neighbourhoods.

The planning phase of residential building activity improved in the first half of 2018, but the construction phase contracted sharply.

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