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Economy grew at 0.2% in 3rd quarter

Tuesday, 06 December 2016, 11:47
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Economy grew at 0.2% in 3rd quarter
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NATIONAL NEWS - Statistics South Africa (Stats SA) says the economy grew at 0.2% in the third quarter.

This is less than 3.5% in the last quarter.

The largest positive contributor to growth was mining and quarrying, which rose by 5.1%.

But growth within manufacturing contracted by 3.2%, with the agriculture, forestry and the fishing industry in decline for seven consecutive quarters.

Economists had expected a quarter-on-quarter Gross Domestic Product expansion of 0.5%.
 

Read more about: grow economy quarter

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