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

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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.

 

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