South Africa's GDP up 0.2 percent in Q3 from Q2

Monday, 26 December 2016 17:28:37 (GMT+3)   -   Istanbul
SteelOrbis News

In the third quarter of the current year, South Africa's seasonally adjusted gross domestic product (GDP) increased by 0.2 percent quarter on quarter, while the country's unadjusted GDP rose by 0.7 percent compared to the same quarter of the previous year, according to the detailed statistics released by Statistics South Africa.
In the January-September period of this year, South Africa's unadjusted GDP grew by 0.4 percent year on year. 

Meanwhile, in the third quarter of this year the country's manufacturing sector registered a decrease of 3.2 percent in output from the previous quarter. According to the report, notable decreases in the third quarter were reported by the petroleum products, chemicals, rubber and plastic division; the basic iron and steel, non-ferrous metal products, metal products and machinery division; and the food, beverages and tobacco division, quarter on quarter.

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