GDP Q2 2017 GDP - Statistics South Africa · GDP Q2 2017. Embargoed until: 11:30am. The largest contributors to growth in Q2 2017 were activities in the agriculture and finance, real

GDPQ2 2017

Embargoed until: 11:30am

@StatsSA#GDP

GDPQ2 2017

GDP2nd quarter 2017

Emargoed until:5 September 2017

11:30am

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



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%Construction

1,9%

SECONDARY SECTOR

Manufacturing

1,5%

GDPQ2 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


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


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


4,7%

HFCE by purpose


GDPQ2 2017


1,9

2,9

-0,8


4,7%

HFCE by durability


0,6

GDPQ2 2017


Government final consumption

expenditure (GFCE)

GDPQ2 2017


Government final consumption expenditure

0,8%in Q2 2017


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


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


-2,6%

GFCF by asset type


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



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)

GDP Q2 2017 GDP - Statistics South Africa · GDP Q2 2017. Embargoed until: 11:30am. The largest contributors to growth in Q2 2017 were activities in the agriculture and finance, real

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