# FNB senior economist, Siphamandla Mkhwanazi, says after dropping from 45 to 41 in second quarter of this year, the FNB/BER Civil Confidence Index recovered partially to 43 in the third quarter of 2025. He says close to 55-percent of respondents are dissatisfied with prevailing business conditions. Mkhwanazi says the business mood improved despite a marked weakness in activity growth, however, this is likely due to base effects and actual spending on civil construction:
FNB economist says construction activity loses some momentum in the third quarter of 2025 [SOUND]
ENG SiphamandlaonConstruction