Stats SA released another set of extremely poor GDP figures for the 3rd quarter of the year, as the economy struggles to recover off the record lows of 2020, failing to get back anywhere near to 2019 pre-Covid levels. The economy contracted by 1.5 percent in the 3rd quarter relative to the 2nd quarter, with…
Stats SA today reported just under 700 000 SQM of private buildings completed in September, which is a 7.4 percent improvement compared to the previous month, when 650 000 SQM were reportedly completed. Compared to the same month last year, activity levels in this segment is up by just under 24 percent, coming off a…
Stats SA announced today that the economy grew just 1.2 percent in the 2nd quarter of the year, compared to the previous quarter, as the economy struggles to reach anywhere near pre-pandemic levels. While the newly benchmarked figures were slightly better than expected (compared to a Bloomberg poll, the consensus was around 0.9 percent), the…
According to Stats SA, the South African economy expanded by 2.2 percent in the 3rd quarter of the year (seasonally adjusted, annualised), which will come as a sigh of relief to many. This was also better than expected, compared to our forecast at Industry Insight of 1.4 percent growth, and a Bloomberg consensus of 1.9…
