Afrimat launches its own construction index derived from six indicators
The inaugural Afrimat Construction Index indicates a strong performance in construction activity since the third quarter of 2010 — the base-year for the index
Afrimat, the rising star of the JSE’s construction and engineering industry stocks and related cement and building materials shares, has launched its own construction index. Compiled by economist Roelof Botha on behalf of the company, the inaugural Afrimat Construction Index (ACI) was launched on Thursday, indicating a "relatively strong performance in construction activity since the third quarter of 2010" — the base-year for the index. "The third quarter of 2010 was exactly one year after the end of the 2008-09 recession and is regarded as a statistically representative base-period for a medium-term, time series-based index," Botha said. The ACI is derived from six different indicators: the building materials sales index; buildings completed within larger municipalities; building plans passed by larger municipalities; the FNB/BER building confidence index; the FNB/BER civil construction index; and retail trade sales of hardware, paint and glass. Retail hardware store sales have imp...
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