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South Africa’s GDP up 1.2 percent in Q3 over Q2

Thursday, 29 November 2012 12:32:50 (GMT+3)   |   Istanbul
       

In the third quarter of 2012, South Africa's seasonally adjusted gross domestic product (GDP) increased by 1.2 percent quarter on quarter, according to the detailed statistics released by Statistics South Africa. The country's GDP had increased 3.4 percent on quarter-on-quarter basis in the second quarter of 2012. South Africa's unadjusted GDP rose 2.3 percent in the third quarter this year compared to the same quarter of the previous year.

Meanwhile, in the third quarter the country's manufacturing sector showed an increase of 1.2 percent following a decline of 0.8 percent in the second quarter of the current year. According to the report,  manufacturing growth was led by strong growth in wood and wood products, paper, publishing and printing, basic iron and steel, non-ferrous metal products, metal products, machinery, petroleum, chemical products, rubber and plastic products.


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