South Africa's GDP grew 0.8% in the second quarter
South Africa's GDP increased by 0.8% in the second quarter, following an increase of 0.1% in the first quarter of the year, Statistics South Africa has reported.
The manufacturing industry increased by 1.8%, contributing 0.2 of a percentage point to GDP growth, with seven of the ten manufacturing divisions having reported positive growth rates. The largest positive contributions were reported for the petroleum, chemical products, rubber and plastic products division and the motor vehicles, parts and accessories and other transport equipment division.
The trade, catering and accommodation industry increased by 1.7%, contributing 0.2 of a percentage point. Increased economic activities were reported for retail trade, motor trade, accommodation and food and beverages.
The mining and quarrying industry increased by 3.7%, contributing 0.2 of a percentage point. The largest positive contributors were platinum group metals, gold and chromium ore.
The transport, storage and communication industry, however, decreased by 0.8%, contributing -0.1 of a percentage point. Decreased economic activities were reported for land transport and transport support services.
The construction industry also decreased, by 0.3%, with decreases reported for residential buildings and non-residential buildings.