{"id":25716,"date":"2013-11-26T16:20:32","date_gmt":"2013-11-26T14:20:32","guid":{"rendered":"http:\/\/www.myza.co.za\/2013\/11\/third-quarter-gdp-rises-by-0-7\/"},"modified":"2013-11-26T16:20:32","modified_gmt":"2013-11-26T14:20:32","slug":"third-quarter-gdp-rises-by-0-7","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/third-quarter-gdp-rises-by-0-7\/","title":{"rendered":"Third quarter GDP rises by 0.7%"},"content":{"rendered":"

<\/span><\/p>\n

South Africa\u2019s real Gross Domestic Product (GDP) increased by 0.7% in the third quarter of 2013 compared to a revised 3.2% growth in the second quarter, said Statistics South Africa (Stats SA).<\/p>\n

\u201cReal gross domestic product at market prices increased by 0.7% quarter-on-quarter, seasonally adjusted and annualised,\u201d said Stats SA on Tuesday.<\/p>\n

Mining and quarrying, finance, real estate and business services, the wholesale, retail and motor trade, catering as well as the transport, storage and communication industry contributed to the quarter-on-quarter growth of 0.7%.<\/p>\n

Economic activity in the manufacturing industry reflected negative growth due to lower production in the motor vehicle, parts and accessories and other transport equipment division.<\/p>\n

\u201cThe unadjusted real GDP at market prices increased by 1.8% year-on-year,\u201d said Stats SA.<\/p>\n

The unadjusted real GDP at market prices for the first nine months of 2013 increased by 1.9% compared to the first nine months of 2012.<\/p>\n

Market expectation was for GDP to expand by 1.2%. \u2013 SAnews.gov.za<\/p>\n

The following two tabs change content below.<\/span><\/p>\n