December 3, 2019 / 9:36 AM / 5 days ago

South African economy contracts 0.6% in third quarter

PRETORIA, Dec 3 (Reuters) - South Africa’s gross domestic product contracted 0.6% in the third quarter, following a revised 3.2% expansion in the second quarter, data from Statistics South Africa showed on Tuesday.

Economists polled by Reuters had predicted an expansion of 0.1% in quarter-on-quarter and seasonally adjusted terms in the latest three-month period.

GDP grew 0.1% year on year in the third quarter, also below economists’ forecasts for growth of 0.4% and below second-quarter growth of 0.9%. (Reporting by Mfuneko Toyana; Writing by Alexander Winning; Editing by Alison Williams)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below