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.

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.

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

Residential building activity in the planning phase improved, with the construction phase contracting in the first four months of 2018.

Residential building activity in the South African market for new housing remained relatively subdued in the first four months of 2016 compared with the corresponding period a year ago.

Nexus Property Group to auction entire block of flats in Florida and retail property situated in Edenvale on 09 April 2014.

The Standard Bank house price index improved by 8% year on year in July‚ from 7.8% year on year in June‚ Standard Bank said in a note on Monday.

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