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South Africa's GDP down 1.2 percent in Q1 from Q4

Monday, 13 June 2016 16:44:57 (GMT+3)   |   Istanbul
       
In the first quarter of the current year, South Africa's seasonally adjusted gross domestic product (GDP) decreased by 1.2 percent quarter on quarter, while the country's unadjusted GDP fell by 0.2 percent compared to the same quarter of the previous year, according to the detailed statistics released by Statistics South Africa.
 
Meanwhile, in the first quarter of this year the country's manufacturing sector registered an increase of 0.6 percent in output from the previous quarter. According to the report, the two manufacturing divisions that contributed the most were wood and wood products, paper, publishing and printing; and basic iron and steel, non-ferrous metal products, metal products and machinery.

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