South Africa Economic Indicator (Monthly Report) - December 2018

The above-consensus third quarter 2018 GDP growth of 2.2% (q/q seasonally adjusted annualised), meant that the economy emerged from the first-half 2018 recession. Second quarter growth was also slightly upwardly revised to –0.4% q/q. Compared with the previous quarter, Manufacturing (7.7% annualised) fared the best, followed by agriculture (6.5%) and transport and communication (5.7%). Declines were recorded by mining (-8.8%), construction (-2.7%) and utilities (-0.9%).

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