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Afrimat Construction Index reports 1.3% YoY decline

14 June 2024, Published under Cement News

Afrimat has released the findings of its Afrimat Construction Index (ACI) for the 1Q24 in South Africa. According to Dr Roelof Botha, the weak economic growth during the first quarter of the year was evident in the construction sector, with eight of the 10 constituent indicators of the ACI recording YoY declines and the ACI growth rate slipping to just below zero. The index recorded a level of 103.7 in the first quarter, compared to 117.3 in the previous quarter, and 105 in the 1Q23.  He ...