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GDPQ2 2017
@StatsSA#GDP
GDPQ2 2017
GDP2nd quarter 2017
GDPQ2 2017
GDPQ2 2017
GDP(production)
GDPQ2 2017
Quarter-on-quarter
2,5%in Q2 2017
Seasonally adjusted and annualised
Year-on-year
1,1%in Q2 2017
Unadjusted
6 month-6 month
1,1%in Q2 2017
Unadjusted (year-on-year)
GDPQ2 2017
The largest contributors to growth in Q2 2017 were activities in the agriculture and finance, real estate and business services sectorsQuarter-on-quarter, seasonally adjusted and annualised
GDP growth rates
GDPQ2 2017
In the Q2 2017, the primary sector recorded the highest growth. The secondary and tertiary sectors also experienced some growthQuarter-on-quarter, seasonally adjusted and annualised
10,3%
1,9%1,2%
Growth rates in various sectors
GDPQ2 2017
0,7
0,2
0,3
0,5
0,2
0,2
0,1
0,1
0,0
-0,1
GDP2,5%
LHS: growth rates RHS: contributions
Quarter-on-quarter, seasonally adjusted and annualised
GDPQ2 2017
Growth rates by sectorQuarter-on-quarter, seasonally adjusted and annualised, Q2 2017
Agriculture: Increased production of field crops and horticultural products contributed to the rise in agriculture
Mining: Increased production was reported for coal, gold and ‘other’ metal ores (manganese ore and iron ore)
Agriculture
33,6%10,3% 3,9%
PRIMARY SECTOR
Mining
GDPQ2 2017
Growth rates by sectorQuarter-on-quarter, seasonally adjusted and annualised, Q2 2017
Manufacturing: Increase was spearheaded by rise in food and beverages, as well as motor vehicle production
Electricity: The rise was due to increase of electricity produced and available for distribution
Construction: Fell in line with declining residential and non-residential activities
Electricity
8,8% 0,5%Construction1,9%
SECONDARY SECTOR
Manufacturing
1,5%
GDPQ2 2017
Growth rates by sectorQuarter-on-quarter, seasonally adjusted and annualised, Q2 2017
Trade
0,6%Transport
2,2%1,2%
TERTIARY SECTOR
Finance
2,5%Government
0,6%
Personal services
1,1%
Trade: Retail trade sales rebounded and wholesale trade recorded a small positive growth
Transport: Increased activity was reported for land freight transportation and communication services
Finance: Financial intermediation and auxiliary activities contributed to the recovery of the services sector
Government: Declining employment numbers were largely responsible for the fall in general government services
GDPQ2 2017
Nominal GDP values for Q2 2017
GDPQ2 2017
Agriculture was up by R15 billion to R40 billion
Electricity was up by R10 billion to R46 billion
Government was up by R7 billion to R181 billion
Trade was up by R5 billion to R153 billion
Nominal GDP estimated at R1 145 billion for Q2 2017, R37 billion more than in Q1 2017
GDPQ2 2017
Shares of nominal GDP
Q2 2017
GDPQ2 2017
GDPQ3 2016
GDPQ2 2017
Expenditure on GDP
GDPQ2 2017
Expenditure on GDP
2,4%in Q2 2017
(quarter-on-quarter)Seasonally adjusted and annualised
Expenditure on GDP
0,8%in Q2 2017(year-on-year)
Unadjusted
Expenditure on GDP
0,5%in Q2 2017
(6 month-6 month)Unadjusted (year-on-year)
GDPQ2 2017
Growth in Q2 2017 was largely drive by a rise in household consumption expenditure. Government expenditure and exports of goods and services also contributed positivelyQuarter-on-quarter, seasonally adjusted and annualised
Expenditure on GDP growth rates
GDPQ2 2017
4,1
-3,9
2,8
0,2
-0,5
LHS: growth rates RHS: contributions
Change in inventories: R5 340 million (contribution of -0,2 percentage points)Quarter-on-quarter, seasonally adjusted, annualised
Expenditure on GDP: 2,4%
GDPQ2 2017
Household final consumption
expenditure (HFCE)
GDPQ2 2017
Household final consumption expenditure
4,7%in Q2 2017
(quarter-on-quarter)Seasonally adjusted and annualised
GDPQ2 2017
Quarter-on-quarter, seasonally adjusted and annualisedHousehold consumption expenditure rebound in Q2 2017 was in line with the recovery in retail trade sales
HFCE growth rates
GDPQ2 2017
1,4
0,8
1,9
0,5
1,0
0,3
0,2
-0,2
-1,5
0,3
0,1
0,0
LHS: growth rates RHS: contributions
4,7%
HFCE by purpose
Quarter-on-quarter, seasonally adjusted and annualised
GDPQ2 2017
1,9
2,9
-0,8
LHS: growth rates RHS: contributions
4,7%
HFCE by durability
Quarter-on-quarter, seasonally adjusted and annualised
0,6
GDPQ2 2017
Government final consumption
expenditure (GFCE)
GDPQ2 2017
Government final consumption expenditure
0,8%in Q2 2017
(quarter-on-quarter)Seasonally adjusted and annualised
GDPQ2 2017
Spending on goods and services contributed to the positive growth in Q2 2017Quarter-on-quarter, seasonally adjusted and annualised
GFCE growth rates
GDPQ2 2017
Gross fixed capital formation (GFCF)
GDPQ2 2017
Gross fixed capital formation
-2,6%in Q2 2017
(quarter-on-quarter)Seasonally adjusted and annualised
GDPQ2 2017
Investment spending on residential buildings, non-residential buildings and transport equipment was down in Q2 2017Quarter-on-quarter, seasonally adjusted and annualised
GFCF growth rates
GDPQ2 2017
0,9
-0,3
-0,6
-0,4
-0,6
-1,3
-0,3
LHS: growth rates RHS: contributions
-2,6%
GFCF by asset type
Quarter-on-quarter, seasonally adjusted and annualised
GDPQ2 2017
Change in inventories
GDPQ2 2017
Large build-ups were reported for manufacturing industry and the trade sector in Q2 2017Quarter-on-quarter, seasonally adjusted and annualised
Change in inventories(R million)
GDPQ2 2017
Exports and Imports
GDPQ2 2017
Exports of goods and services
14,4%in Q2 2017
(quarter-on-quarter)
Imports of goods and services
13,3%in Q2 2017
(quarter-on-quarter)Seasonally adjusted and annualised Seasonally adjusted and annualised
GDPQ2 2017
Increased exports were reported for transport equipment, base metals and precious metals in Q2 2017Quarter-on-quarter, seasonally adjusted and annualised
Exports growth rates
GDPQ2 2017
Imports of machinery and equipment increased in Q2 2017 Quarter-on-quarter, seasonally adjusted and annualised
Imports growth rates
GDPQ2 2017
Recap
GDPQ2 2017
Quarter-on-quarter, seasonally adjusted and annualised
GDP and expenditure on GDP growth rates
GDPQ2 2017
Quarter-on-quarter
2,5%in Q2 2017
Seasonally adjusted and annualised
Year-on-year
1,1%in Q2 2017
Unadjusted
6 month-6 month
1,1%in Q2 2017
Unadjusted (year-on-year)
