CAPE TOWN, November 24 (ANA) – Statistics South Africa announced on Tuesday that the seasonally adjusted real GDP at market prices had increased by an annualised rate of 0,7 per cent for the third quarter, compared with a decrease of 1,3 per cent in the previous quarter.
The main contributors to the increase in economic activity for the third quarter of 2015 were the manufacturing industry (contributing 0,8 of a percentage point), finance, real estate and business services (0,6) and the wholesale, retail and motor trade; catering and accommodation industry (0,3). Negative contributions were recorded by the mining and quarrying industry (contributing -0,8 of a percentage point) and the agriculture, forestry and fishing industry (-0,3).
The seasonally adjusted real annualised value added by the primary sector recorded a decrease of 10,4 per cent, while the secondary and tertiary sectors recorded increases of 3,3 per cent and 1,9 per cent respectively during the third quarter.
The unadjusted real GDP at market prices for the third quarter of 2015 increased by 1,0 per cent compared with the third quarter of 2014. The estimate of GDP for the first nine months of 2015 increased by 1,5 per cent compared with the corresponding period in 2014. – African News Agency (ANA)
