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South Africa's GDP down 1.3 percent in Q2 from Q1

Wednesday, 26 August 2015 11:12:03 (GMT+3)   |   Istanbul
       
In the second quarter of the current year, South Africa's seasonally adjusted gross domestic product (GDP) decreased by 1.3 percent quarter on quarter, while the country's unadjusted GDP rose by 1.2 percent compared to the same quarter of the previous year, according to the detailed statistics released by Statistics South Africa.

Meanwhile, in the second quarter of this year the country's manufacturing sector registered a decrease of 6.3 percent in output from the previous quarter. According to the report, manufacturing activity fell due to lower production in sectors including basic iron and steel, non-ferrous metal products, metal products and machinery, petroleum, chemical products, rubber and plastic products. 

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