Trade Resources Industry Views South Africa's Seasonally Adjusted GDP Increased by 1.4 Percent Quarter on Quarter

South Africa's Seasonally Adjusted GDP Increased by 1.4 Percent Quarter on Quarter

In the third quarter of the current year, South Africa's seasonally adjusted gross domestic product (GDP) increased by 1.4 percent quarter on quarter, while the country's unadjusted GDP also increased by 1.4 percent compared to the same quarter of the previous year, according to the detailed statistics released by Statistics South Africa.

Meanwhile, in the third quarter this year the country's manufacturing sector registered a decrease of 3.4 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; and wood and wood products, paper, publishing and printing.

Source: http://www.steelorbis.com/steel-news/latest-news/south-africas-gdp-up-14-percent-in-q3-over-q2-855288.htm
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South Africa's GDP up 1.4 Percent in Q3 Over Q2
Topics: Metallurgy