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Stats SA releases GDP data


Real gross domestic product at market prices increased by 4.1 percent during the fourth quarter of last year.

Statistics South Africa said the seasonally adjusted real GDP at market prices for the fourth quarter of 2014, increased by an annualised rate of 4.1 per cent compared with an increase of 2.1 percent, revised from 1.4 percent during the third quarter of 2014.

Stats SA said Tuesday "that the main contributors to the increase in economic activity for the fourth quarter of last year were the manufacturing industry, (contributing 1.2 percentage points), the mining and quarrying industry (contributing 1.1 percentage points) and finance, real estate and business services (contributing 0.7 of a percentage point)."

"The seasonally adjusted real annualised value added by the primary, secondary and tertiary sectors recorded increases of 13.3 per cent, 7.2 per cent and 1.8 per cent respectively during the fourth  quarter of 2014."

Stats SA said "the unadjusted real GDP at market prices for the fourth quarter of 2014 increased by 1.3 per cent compared with the fourth quarter of 2013."