South Africa's Gross Domestic Product (GDP) rose by 0.9% in the first quarter of 2013, Statistics SA said on Tuesday. Briefing journalists in Sandton, Statistician-General Pali Lehohla said with the exception of the manufacturing industry - which reflected negative growth due to lower production of several products like petroleum - most sectors like mining, finance and government services all recorded positive growth. "The seasonally adjusted real GDP at market prices for the first quarter … [Read more...] about GDP grows in first quarter of 2013
gdp
GDP rises 2.1% in fourth quarter of 2012
South Africa’s Gross Domestic Product (GDP) rose by 2.1% in the fourth quarter of 2012 - up from 1.2% in the third quarter, Statistics South Africa said on Tuesday. "The seasonally adjusted real GDP for the fourth quarter of 2012 increased at an annualised rate of 2.1%," said Gerhardt Bouwer, executive manager for national accounts at Stats SA. On a quarter-on-quarter basis, the 2.1% growth beat market expectation of a 1.6% growth. The main contributors to the 2.1% increase in the … [Read more...] about GDP rises 2.1% in fourth quarter of 2012
GDP eases to 1.2% in third quarter
Real gross domestic product (GDP) eased to 1.2% in the third quarter, the lowest since the second quarter of 2009, Statistics South Africa (Stats SA) said on Tuesday. "The seasonally adjusted real GDP at market prices for the third quarter of 2012 increased by an annualised rate of 1.2% compared with an increase of 3.4% (revised from 3.2%) during the second quarter of 2012," Gerhardt Bouwer executive manager for national accounts at Stats SA said. Market expectation was that South Africa's … [Read more...] about GDP eases to 1.2% in third quarter
Industrial Action Drives GDP down
The SA Gross Domestic Product for the third quarter is expected to come in lower than the growth seen in the second quarter, largely due to recent industrial action in the mining sector. "We expect GDP to have expanded by 1.4% quarter-on-quarter from the 3.2% quarter-on-quarter in the second quarter owing to a steep contraction in mining production," said Absa Capital in its economic commentary on Monday. Statistics South Africa will release the third quarter’s figures on Tuesday. Analysts … [Read more...] about Industrial Action Drives GDP down
GDP rises by 3.2% in second quarter
South Africa's real gross domestic product at market prices increased by 3.2% in the second quarter of 2012, up from 2.7% in the first quarter, Statistics South Africa (Stats SA) said on Tuesday. Stats SA said the contributors to the increase in economic activity were mining and quarrying contributing 1.5%, and finance (the largest contributor to economic growth), real estate and business services contributing 0.5%, the wholesale, retail and motor trade; catering and accommodation industry … [Read more...] about GDP rises by 3.2% in second quarter
GDP rises to 2.7% in first quarter of 2012
South Africa's Gross Domestic Product (GDP) in the first quarter of 2012 rose to 2.7%, Statistics South Africa (Stats SA) reported today. "The seasonally adjusted real GDP at market prices for the first quarter of 2012 increased by an annualised rate of 2.7% compared with an increase of 3.2% during the fourth quarter of 2011," said Stats SA's executive manager of national accounts, Gerhardt Bouwer, on Tuesday. Manufacturing showed growth of 7.7% in the first quarter, together with the … [Read more...] about GDP rises to 2.7% in first quarter of 2012
SA’s 4th Quarter GDP rises to 3.2%
South Africa's real Gross Domestic Product (GDP) in the fourth quarter of 2011 rose to 3.2%, says Statistics South Africa (Stats SA). "The seasonally adjusted real GDP at market prices for the fourth quarter of 2011 increased an annualised rate of 3.2% compared with an increase of 1.7% revised from an increase of 1.4% during the third quarter of 2011," Stats SA's executive manager of national accounts, Gerhardt Bouwer, said on Tuesday. The 3.2% was slightly better than the market … [Read more...] about SA’s 4th Quarter GDP rises to 3.2%
3% GDP Growth Predicted for SA in 2012
Business Unity South Africa (BUSA) says it expects South Africa's economy to grow by 3% in 2012. Presenting BUSA's economic and business outlook for the country in 2012, BUSA Deputy CEO Raymond Parsons said looking at the present evidence, a 3% GDP trajectory though 2012 could be expected in a best case scenario. He said while this was positive growth, it was insufficient to meet South Africa's socio-economic challenges, especially given the downside risk. "At this rate, it will take South … [Read more...] about 3% GDP Growth Predicted for SA in 2012
SA’s GDP Growth Lower Than Expected
South Africa's Gross Domestic Product (GDP) came in lower than expected, increasing by 1.4% in the third quarter of 2011. "The seasonally adjusted real GDP at market prices for the third quarter of 2011 increased by an annualised rate of 1.4% compared with an increase of 1.3% in the second quarter of 2011," said Statistics South Africa (Stats SA) on Wednesday. A Bloomberg survey had expected that GDP would come in at 1.9% in the third quarter. The finance, real estate and business … [Read more...] about SA’s GDP Growth Lower Than Expected
First Quarter GDP Rises to 4.8%
Pretoria - The South African economy showed growth in the first quarter of 2011 to 4.8 percent, Statistics South Africa (Stats SA) said on Tuesday. "Real Gross Domestic Product (GDP) at market prices increased by 4.8 percent during the first quarter of 2011," GDP manager at Stats SA, Kedibone Mabaso said. GDP was expected to come in at 4.2 percent. "We were surprised by the number. It is a very good number and good showing by the manufacturing sector," said Standard Bank senior … [Read more...] about First Quarter GDP Rises to 4.8%
