After slipping to 35 in the third quarter of this year, the First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index was marginally lower, at 34 in the fourth quarter. Confidence in the core building sector index, excluding the hardware retailers and building material manufacturing sector, rose from 20 to 27 during the same period and, although still low, this is the best level since the second quarter of 2019.
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