IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total turnover of quarterly financial statistics (QFS) industries1 in the second quarter of 2016 was estimated at R2 082 868 million (R2,08 trillion), an increase of 4,5% compared with the first quarter of 2016 (R1 992 942 million or R1,99 trillion).

Between the first and second quarters of 2016, turnover increased in all of the eight industries covered by the survey. The largest percentage increase in turnover was recorded in electricity, gas and water supply (+13,7%), followed by mining and quarrying (+13,6%), construction (+10,9%), manufacturing (+7,3%), real estate and other business services (excluding financial intermediation and insurance) (+3,0%), transport, storage and communication (+2,7%), community, social and personal services (excluding government institutions) (+2,4%) and trade (+0,2%).

Total closing inventories at the end of the second quarter of 2016 were estimated at R796 835 million, an increase of 3,2% compared with R772 468 million at the end of the first quarter of 2016. Increases were recorded in electricity, gas and water supply (+9,3%), real estate and other business services (excluding financial intermediation and insurance) (+5,3%), trade (+4,7%), manufacturing (+3,0%), transport, storage and communication (+2,3%), construction (+0,6%) and community, social and personal services (excluding government institutions) (+0,4%). A decrease was recorded in mining and quarrying (-3,6%).

Total capital expenditure on property, plant and equipment was estimated at R90 670 million in the second quarter of 2016, a decrease of 3,6% compared with R94 101 million in the first quarter of 2016. The largest percentage decrease was recorded in transport, storage and communication (-11,2%), followed by manufacturing (-6,7%), electricity, gas and water supply (-6,4%), community, social and personal services (excluding government institutions) (-6,1%) and trade (-5,1%). Increases were recorded in mining and quarrying (+20,2%), real estate and other business services (excluding financial intermediation and insurance) (+13,6%) and construction (+3,0%).

Turnover was estimated at R2 082 868 million in the second quarter of 2016, an increase of 5,6% compared with R1 972 425 million in the second quarter of 2015. The largest percentage increase in turnover was recorded in electricity, gas and water supply (+18,6%), followed by construction (+11,2%), manufacturing (+8,7%), mining and quarrying (+8,5%), transport, storage and communication (+5,9%), real estate and other business services (excluding financial intermediation and insurance) (+4,5%) and trade (+2,6%). A decrease was recorded in community, social and personal services (excluding government institutions) (-11,8%).

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