South Africa Building Permits y/y

Country:
South Africa
ZAR, South African rand
Sector:
Business
Low -52.2% -35.3%
-56.8%
Last release Importance Actual Forecast
Previous
-42.7%
-52.2%
Next release Actual Forecast
Previous
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Building Permits y/y measure a changed in construction plans approved in the reference month compared to the same month a year ago.

The indicator is calculated based on the results of the survey conducted by Statistics South Africa among large municipalities. The respondents share data on approved construction plans and finished projects. Information about building permits issued to private companies is collected by email, telephone and fax.

Data on approved plans is not comparable to completed buildings, because not all permits result in construction start. Furthermore, if construction does not start within a year, the application should be submitted anew.

Data from the monthly survey is used for monitoring the state of economy and developing the monetary policy. It is also an important data source for GDP evaluation and for the calculation of the composite leading indicator of business cycles.

Growth in the number of approved permits indicates the expansion of the construction sector and a favorable economic situation in the country. Therefore higher readings are usually seen as positive for the local currency.

Last values:

actual data

forecast

The chart of the entire available history of the "South Africa Building Permits y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jul 2020
-52.2%
-35.3%
-56.8%
Jun 2020
-57.3%
-47.3%
-83.7%
Apr 2020
-77.6%
-16.7%
-1.0%
Feb 2020
-25.8%
-13.3%
-30.4%
Jan 2020
-30.4%
-9.9%
-13.7%
Dec 2019
-13.4%
-6.7%
-31.9%
Nov 2019
-32.5%
-4.2%
1.1%
Oct 2019
1.1%
-25.1%
Sep 2019
-25.1%
-12.3%
Aug 2019
-12.3%
7.1%
Jul 2019
5.7%
-20.6%
Jun 2019
-21.1%
-13.2%
May 2019
-13.4%
-7.6%
Apr 2019
2.8%
-5.1%
Mar 2019
-9.3%
6.1%
Feb 2019
6.1%
-2.9%
Jan 2019
-1.6%
-21.8%
Dec 2018
-21.8%
-4.6%
Nov 2018
-4.4%
-10.3%
Oct 2018
-16.7%
6.7%
Sep 2018
6.6%
10.2%
Aug 2018
9.8%
-16.9%
Jul 2018
-17.2%
2.0%
Jun 2018
-2.0%
4.3%
May 2018
4.0%
27.2%
Apr 2018
24.6%
2.8%
Mar 2018
2.1%
14.3%
Feb 2018
14.3%
0.6%
Jan 2018
-0.1%
6.5%
Dec 2017
5.2%
11.4%
Nov 2017
11.2%
-5.3%
Oct 2017
-5.6%
-13.3%
Sep 2017
-13.3%
17.3%
Aug 2017
17.3%
42.8%
Jul 2017
42.9%
8.0%
Jun 2017
7.5%
4.8%
May 2017
5.3%
-38.1%
Apr 2017
-37.9%
-11.1%
Mar 2017
-11.8%
-0.4%
Feb 2017
-0.4%
-14.0%
Jan 2017
-14.0%
1.7%
Dec 2016
1.6%
27.7%
Nov 2016
28.1%
34.5%
Oct 2016
34.6%
18.3%
Sep 2016
18.3%
0.2%
Aug 2016
0.2%
-17.7%
Jul 2016
-17.8%
-18.2%
Jun 2016
-18.2%
-24.5%
May 2016
-25.3%
23.1%
Apr 2016
23.3%
6.2%

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