Non-residential investment activity shows biggest declines

Posted On Saturday, 21 August 2010 02:00 Published by
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Commercial building plans and completions shows largest declines in sector activity year-to-date

The value of recorded building plans passed by larger municipalities (at current prices) during January to June 2010 was 10,7% lower (-R3 474,8 million) compared with January to June 2009. The largest decrease was reported for non-residential buildings (-32,6% or -R3 201,9 million), followed by additions and alterations (-1,5% or -R155,2 million) and residential buildings (-0,9% or
-R117,8 million).

The value of buildings reported as completed to larger municipalities (at current prices) during January to June 2010 decreased by 20,8% (-R5 423,9 million) compared with January to June 2009. The biggest percentage decrease was reported for non-residential buildings (-23,3% or -R1 687,6 million), followed by residential buildings (-20,6% or -R2 595,6 million) and additions and alterations (-18,1% or -R1 140,6 million).


Publisher: eProp
Source: SSA

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