The HardHat Economist

Why the world should be watching India’s fast-growing cities

Why the world should be watching India’s fast-growing cities

The UN Department of Economic and Social Affairs (UN DESA) predicts that future increases in the world’s urban population will be concentrated in just a few countries. India, China and Nigeria are together expected to account for 35% of the projected growth in the world’s urban population until 2050; of these three, the absolute growth in urban population is projected to be the highest in India. I... »

9 Economic Indicators that Construction Professionals should know

9 Economic Indicators that Construction Professionals should know

Practically any and every commercial operation in any economy is executed under some kind and form of construction – making construction the pulse of every economy’s heartbeat (Educational facilities have to be built to enable commerce, roads, commercial offices, shopping malls, sea ports, air ports, dams, houses, train tracks etc).  This makes construction the economic health indicator of the Sou... »

SA Unemployment rate – 3 things you should know

SA Unemployment rate – 3 things you should know

The results of the Quarterly Labour Force Survey (QLFS) for the second quarter of 2019 released by Statistics South Africa, indicate that the official unemployment rate increased by 1,4 percentage points to 29,0%. Here are other facts that you need to know about our current unemployment rate 1. Unemployment rate highest in 11 years There are two official sources of employment statistics in South A... »

Hardhat Economic weekly review

Hardhat Economic weekly review

According to Stats SA, real GDP declined by a much larger-than-expected 3.2% q-o-q (annualised) in 2019Q1. This marks the biggest contraction since the global financial crisis. Compared with the first quarter of 2018, real GDP growth (seasonally adjusted) was basically flat at 0.1%. Measured from the production side, the GDP weakness was broadbased. Indeed, seven of the ten major sectors contracte... »

6 Sectors That Benefit From A Booming Construction And Civil Engineering Industry

6 Sectors That Benefit From A Booming Construction And Civil Engineering Industry

One of the most staggering construction statistics came to the fore in 2015 when it emerged that China had consumed more cement in the three years between 2011 and 2013 than the United States had used in the entire 20th century. It’s an astonishing sign of the phenomenal scale of the construction industry in China but is also an indicator of the booming construction and civil engineering industrie... »