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South Africa’s economy slipped into its 3rd #recession since 1994 in Q4:2019, shrinking by 1,4%. This followed a contraction of 0,8% in Q3.

#StatsSA #GDP #economy
7 of the 10 industries contracted in Q4:2019. Transport and trade were the main drags on overall activity. Finance, mining and personal services registered positive growth.

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#StatsSA #GDP #economy
The primary sector declined by 0,4% in Q4:2019. #Agriculture experienced its 4th consecutive quarter of negative growth, falling by 7,6%, while mining growth was driven largely by platinum group metals, iron ore & gold.
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#StatsSA #GDP
The secondary sector decreased by 2,9% in Q4:2019, dragged down mostly by #manufacturing and #construction. The tertiary sector also declined by 1,0% as the #transport industry decreased by 7,2%.

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#StatsSA #GDP #economy
#Construction saw its sixth consecutive quarter of economic decline; the industry has only seen one quarter of positive growth since the beginning of 2017.

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#StatsSA #GDP #economy
In Q4:2019, the SA economy generated R1,31 trillion.

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#StatsSA #GDP #economy
Household spending increased by 1,4% in Q4:2019. Spending on clothing & footwear was up by 8,5%. Spending on furnishings and household equipment climbed by 3,6%.

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#StatsSA #GDP #economy
The number of civil servants employed decreased across all levels of government, with the exception of municipalities. This dragged government activity down by 0,4%.

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#StatsSA #GDP #economy
#Gauteng remains the economic hub of SA, contributing 34% to the national economy in 2018.

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#StatsSA #GDP #economy
Industrial activity for eight of the ten industries is concentrated in #Gauteng while national #agriculture production is concentrated in Western Cape and KwaZulu-Natal.

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#StatsSA #GDP #economy
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Oluwole Dada
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