General government’s real gross fixed capital formation (GFCF) grew by 5.1% (seasonally adjusted annualised rate—saar) in the first quarter of 2015 while public corporations’ capital formation registered a decrease of 0.6% q/q saar. This meant that total public sector real GFCF was 2.1% higher in the first quarter which represented a halving of the 4.1% q/q growth recorded in the previous quarter. Real capital formation by private business enterprises again grew much slower than public sector investment in the fourth quarter, rising by 1.6% (q/q saar) bringing the total growth in domestic fixed capital formation to 1.8% (q/q saar). This was up only 0.3% on year ago.
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za.