South Africa’s GDP up 1.2 percent in Q3 over Q2

Thursday, 29 November 2012 12:32:50 (GMT+3)   |   Istanbul

In the third quarter of 2012, South Africa's seasonally adjusted gross domestic product (GDP) increased by 1.2 percent quarter on quarter, according to the detailed statistics released by Statistics South Africa. The country's GDP had increased 3.4 percent on quarter-on-quarter basis in the second quarter of 2012. South Africa's unadjusted GDP rose 2.3 percent in the third quarter this year compared to the same quarter of the previous year.

Meanwhile, in the third quarter the country's manufacturing sector showed an increase of 1.2 percent following a decline of 0.8 percent in the second quarter of the current year. According to the report,  manufacturing growth was led by strong growth in wood and wood products, paper, publishing and printing, basic iron and steel, non-ferrous metal products, metal products, machinery, petroleum, chemical products, rubber and plastic products.


Similar articles

South Africa's GDP up 1.3 percent in Q1 over Q4

28 May | Steel News

South Africa’s GDP rises three percent in Q2 over Q1

29 Aug | Steel News

Brazil experienced a decline in automotive production during January

13 Feb | Steel News

US domestic long steel prices steady as scrap settles higher; mill price increase may wait 

13 Feb | Longs and Billet

US import long steel pricing mostly steady; uncertainty, limited demand stalls trade

12 Feb | Longs and Billet

Exports of wire rod from Brazil increase in January

12 Feb | Steel News

Turkish flats spot market stable but weak demand raises sustainability concerns

12 Feb | Flats and Slab

Romanian longs prices stable despite weak and unsupportive demand

12 Feb | Longs and Billet

US rescinding AD order on wire rod from Ukraine

12 Feb | Steel News

Turkish domestic rebar spot prices stable, buyers on hold

12 Feb | Longs and Billet