Trevor Manuel, Minister in the Presidency responsible for national planning, has called on community members to assist officials when Census 2011 takes place later this year. Census 2011, which will run from 10 to 31 October, will cost R2 billion and involve 156 000 census officials. Manuel was briefing media in Parliament ahead of presenting Statistics South Africa's (Stats SA) budget of R1.2 billion - double that of the previous financial year. Statistics SA is liaising with various … [Read more...] about Census 2011 to Cost R2 Billion
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January Retail Sales Lower Than Expected
Retail trade sales in January fell lower than expected at 6.4 percent year-on-year, Statistics South Africa (Stats SA) said on Wednesday. Market forecast was that retail sales would be moderate to 7.5 percent after reaching 8.23 percent in December. "Retail trade sales in real terms increased by 6.4 percent year-on-year in January 2011. The highest annual growth rate was recorded for retailers in pharmaceutical and medical goods, cosmetics and toiletries followed by retailers in hardware, … [Read more...] about January Retail Sales Lower Than Expected
January PPI Down 0.3 Percent
The Producer Price Index (PPI) eased to 5.5 percent in January, Statistics South Africa (Stats SA) said on Thursday. Producer inflation eased to 5.5 percent from 5.8 percent in December, a figure which Nedbank economists said was slightly above market expectations. In January, prices rose sharply, increasing by 1.1 percent, due to higher commodity prices, with the mining and quarrying category rising by 3.3 percent month on month. The bank said there was risk of further commodity price … [Read more...] about January PPI Down 0.3 Percent
Real Annual GDP in 2010 at 2.8%
The South African economy grew by 4.4 percent in the fourth quarter of 2010, Statistics South Africa (Stats SA) said on Tuesday. Seasonally adjusted Real Gross Domestic Product (GDP) increased by 4.4 percent in quarter four, compared to a revised 2.7 percent (from an increase of 2.6 percent) increase in the third quarter. The mining and quarrying industry, general government services, manufacturing industry and finance, real estate and business services and real estate and business … [Read more...] about Real Annual GDP in 2010 at 2.8%
January CPI Rose to 3.7 Percent
The Consumer Price Inflation (CPI) in January rose slightly to 3.7 percent in line with market expectations, Statistics South Africa (Stats SA) said on Wednesday. Inflation was 0.2 percent higher than the 3.5 percent recorded in December. On average prices, increased by 0.4 percent between December 2010 and January 2011. Bloomberg consensus was that CPI would rise to 3.7 percent, with Absa Capital earlier today saying it would keep a close eye on food prices within the CPI basket - seeing … [Read more...] about January CPI Rose to 3.7 Percent
