News Formal

SA economy declines by 3.2% in first quarter of 2019 - Stats SA | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SA economy declines by 3.2% in first quarter of 2019 - Stats SA

JOHANNESBURG - South Africa's economy contracted by 3.2 percent in the first three months of 2019, its largest quarterly drop in a decade, the national statistics agency said on Tuesday.

The decline was mainly driven by shrinkages in the manufacturing and mining sectors, Statistics South Africa said. Household spending was down by 0,8% in Q1:2019 as spending of clothing & footwear as well as #transport declined #StatsSA #GDP https://t.co/2d4zyGjj9x pic.twitter.com/FtOBmhZlnc Despite growth in #government, finance & personal services industries, the tertiary sector declined by 0,7% in Q1:2019 #StatsSA #GDP https://t.co/2d4zyGjj9x pic.twitter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Musos take centre stage at Samas 2019 Industry AwardsThe Samas 2019 Industry Awards took place on Friday night.
Source: eNCA - 🏆 49. / 51 Read more »