The mining and quarrying industry decreased by 73.1% and contributed -6.0 percentage points to GDP growth. Owing to global lockdown restrictions, demand for mineral products fell, contributing to decreased production in platinum group metals, gold, iron ore, chromium ore and coal.
The finance, real estate and business services industry decreased by 28.9% and contributed -5.4 percentage points to GDP growth. Decreases were reported for financial intermediation, insurance and pension funding, auxiliary activities and other business services. The agriculture, forestry and fishing industry was the only positive contributor to GDP growth, with an increase of 15.1% and a contribution of 0.3 of a percentage point to GDP growth. The increase was mainly due to increased production of field crops and horticultural and animal products.“The main contributors to the decrease were construction works, machinery and other equipment, residential buildings, transport equipment and non-residential buildings.
Net exports also contributed negatively to growth in expenditure on GDP in the second quarter. Exports of goods and services were down 72.9%, largely influenced by decreased trade in vehicles and other transport equipment, precious metals and stones, base metals, machinery and equipment and services.
Imports of goods and services decreased by 54.2%, driven largely by decreases in imports of vehicles and other transport equipment, machinery and electrical equipment, mineral products, base metals and services.
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