Key findings: P0044 - Quarterly financial statistics (QFS), June 2009

The total turnover of all industries1 for the second quarter of 2009 was estimated at R1 174 834 million (R1,17 trillion), a decrease of 0,6% compared with the revised first quarter of 2009 (R1 182 179 million or R1,18 trillion).

Between the first quarter of 2009 and the second quarter of 2009, turnover decreased in three of the eight industries covered in this survey. The largest decrease in turnover was recorded for transport, storage and communication (-2,6%), followed by manufacturing (-2,4%) and trade (-0,5%). Increases were reported for electricity, gas and water supply (+14,1%), followed by community, social and personal services (excluding government institutions) (+3,1%), construction (+2,1%), mining and quarrying (+0,6%) and real estate and other business services (excluding financial intermediation and insurance) (+0,2%).
 
Total inventories at the end of the second quarter of 2009 were estimated at R469 985 million, compared with R478 564 million for the revised first quarter of 2009, a decrease of 1,8%. The largest decrease in inventories was recorded for transport, storage and communication (-5,3%), followed by manufacturing (-3,0%), mining and quarrying (-2,7%), trade (-1,1%), real estate and other business services (excluding financial intermediation and insurance) (-1,1%) and community, social and personal services (excluding government institutions) (-0,6%). Increases were reported for electricity, gas and water supply (+9,8%), and construction (+1,4%).

Purchases for the second quarter of 2009 were estimated at R665 089 million, compared with        R689 821 million for the revised first quarter of 2009, a decrease of  3,6%. The largest decrease in purchases was recorded for electricity, gas and water supply (-6,5%), followed by mining and quarrying (-5,9%), real estate and other business services (excluding financial intermediation and insurance)       (-5,8%),  manufacturing (-4,9%), trade (-3,2%) and construction (-1,9%). Increases were reported for community, social and personal services (excluding government institutions) (+6,3%) and transport, storage and communication (+0,7%).

Total capital expenditure on new buildings, improvements, construction works, plant and machinery, furniture, fittings, vehicles and other equipment for the second quarter of 2009 was estimated at       R61 264 million, compared with R87 384 million for the revised first quarter of 2009, a decrease of 29,9%. The largest decrease was reported for transport, storage and communication (-60,6%), followed by electricity, gas and water supply (-45,7%), construction (-24,5%),  community, social and personal services (excluding government institutions) (-20,9%) and real estate and other business services (excluding financial intermediation and insurance) (-4,7%). Increases were reported for mining and quarrying (+15,2%), followed by trade (+7,8%) and manufacturing (+1,1%).

Turnover of all industries decreased by 11,6% between the second quarters of 2008 and 2009. The largest decrease was reported by mining and quarrying (-28,3%), followed by manufacturing (-18,5%), trade (-9,8%), real estate and other business services (excluding financial intermediation and insurance) (-4,4%) and transport, storage and communication (-3,7%). Increases were reported for community, social and personal services (excluding government institutions) (+14,4%) and electricity, gas and water supply (+10,9%). Construction did not show any percentage change (0,0%).

1 All industries in the South African economy, excluding agriculture, financial intermediation, insurance and government institutions.