South Africa's GDP up 0.7% in Q3
FMCG SUPPLIER NEWS
BusinessTech.co.za - Dec 17th, 08:28
South Africa's real gross domestic product (GDP) grew by 0.7 percent during the third quarter of 2013, Statistics SA (Stats SA) said on Tuesday.
The main contributors to the increase in the economic activity were mining and quarrying, with 0.6 of a percentage point, and finance, real estate and business services contributing 0.3 of a percentage point.
Wholesale, retail and motor trade; catering and accommodation, and transport, storage and communication each contributed 0.2 of a percent point.
The manufacturing industry recorded a negative contribution of -1.0 of a percentage point.
"Now you can see the impact of the strike in the manufacturing industry," Stats SA executive manager of national accounts Gerhardt Bouwer said.
"If that [contribution] could have been zero then we should have had a higher economic growth. It just shows what the impact is on the economy."2013 Copyright, BusinessTech. All right reserved
Related News
Liquor plant shut down in Kenya
19/12/2013 - 10:51
A liquor factory that produces second generation brews has been closed down at Kabati estate in Naivasha.
PPI slows down
17/12/2013 - 07:51
Johannesburg - The year-on-year producer price index (PPI) slowed to 5.8% last month, compared to 6.3% in October, Statistics SA (Stats SA) has said.
Production data lifts rand to week high
11/12/2013 - 09:25
Johannesburg - The rand gained to its strongest in nearly a week on Tuesday after upbeat mining and manufacturing data improved economic growth prospects.
South African economic growth “held back”
04/12/2013 - 08:46
The growth of the South African economy was held back and activity slowed in the third quarter of 2013, the SA Reserve Bank said on Tuesday.
German economy slows despite investments
25/11/2013 - 08:16
Berlin - The German economy slowed in the third quarter despite a strong pickup in both corporate investment and government spending, data released Friday showed.
