The poor performance of the economy during the last quarter of 2022 was evident in construction sector activity, with the Afrimat Construction Index (ACI) having fared marginally worse than the decline in real gross domestic product (GDP) of 1.3% quarter-on-quarter, economist Dr Roelof Botha, who compiles the index, has revealed.
“The year-on-year performances were nevertheless positive, with the ACI’s improvement of 1.9% outperforming the economy as a whole,” Botha said on March 23.
The ACI is a composite index of the level of activity within the building and construction sectors in South Africa.
