Weak economy weighed on construction in the first quarter – ACI
- June 11, 2024
- Infrastructure
- 0 Comments
The Afrimat Construction Index (ACI) declined to a level of 103.7 in the first quarter of this year, down from 117.3 in the fourth quarter of 2023 and 105 in the first quarter of 2023. Economist Dr Roelof Botha, who compiles the ACI on behalf of JSE-listed mid-tier mining and materials company Afrimat, says the country’s weak economic growth in the first quarter was evident in the construction sector, with eight of the ten constituent indicators of the ACI having recorded year-on year declines, and the ACI growth rate having slipped below zero.
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