South Africa GDP Growth Accelerates to 3% QoQ in Q2


In the second quarter of 2013, South African seasonally adjusted GDP increased by an annualized rate of 3 percent quarter-on-quarter, the fastest pace in the last four quarters, boosted by manufacturing.

Quarter-on-quarter, the most notable performance of industries in the second quarter of 2013 was for manufacturing, which increased an annualized 11.5 percent, from a 7.9 percent contraction in the previous three-month period. 

Electricity, gas and water sector expanded an annualized 5.3 percent in the second quarter of 2013, from a 3 percent contraction in the previous quarter.  Wholesale and retail trade growth accelerated to 3.2 percent, from 1.9 percent; construction increased 1.2 percent and finance, real estate and business services increased 3.5 percent. Transport and communication activities decelerated to 1.6 percent 

Mining and agriculture contracted in the second quarter by an annualized rate of 5.6 percent and 4.9 percent, respectively. 

On a year-over-year basis, the GDP expanded 2 percent. 

South Africa GDP Growth Accelerates to 3% QoQ in Q2


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
8/27/2013 11:25:20 AM