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South Africa's GDP up 1.3 percent in Q1 over Q4

Thursday, 28 May 2015 12:20:40 (GMT+3)   |   Istanbul
       

In the first quarter of the current year, South Africa's seasonally adjusted gross domestic product (GDP) increased by 1.3 percent quarter on quarter, while the country's unadjusted GDP rose by 2.1 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 this year the country's manufacturing sector registered a decrease of 2.4 percent in output from the previous quarter. According to the report, manufacturing activity fell due to lower production in sectors including petroleum, chemical products, rubber and plastic products; radio, television and communication apparatus and professional equipment; and wood and wood products, paper, publishing and printing.


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