IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total turnover of quarterly financial statistics (QFS) industries1 in the second quarter of 2017 was estimated at R2 304 245 million (R2,30 trillion),an increase of 2,5% compared with the first quarter of 2017 (R2 248 280 million or R2,25 trillion).

Between the first and second quarters of 2017, 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 (+9,1%), followed by construction (+7,2%), manufacturing (+3,4%), real estate and other business services (excluding financial intermediation and insurance) (+2,7%), transport, storage and communication (+2,5%), mining and quarrying (+1,6%), trade (+1,1%) and community, social and personal services (excluding government institutions) (+0,3%).

Total closing inventories at the end of the second quarter of 2017 were estimated at R860 737 million, an increase of 1,2% compared with R850 145 million at the end of the first quarter of 2017. Increases were recorded in transport, storage and communication (+15,8%), followed by mining and quarrying (+2,6%), electricity, gas and water supply (+2,5%), manufacturing (+1,8%) and community, social and personal services (excluding government institutions) (+0,2%). Decreases were recorded in construction (-1,4%) and real estate and other business services (excluding financial intermediation and insurance) (-0,1%).

Total capital expenditure on property, plant and equipment was estimated at R78 339 million in the second quarter of 2017, a decrease of 15,9% compared with R93 147 million in the first quarter of 2017. The largest percentage decrease was recorded in electricity, gas and water supply (-35,2%), followed by trade (-28,6%), community, social and personal services (excluding government institutions) (-15,2%), transport, storage and communication (-5,6%), mining and quarrying (-5,5%) and manufacturing (-2,2%). Increases were recorded in construction (+7,9%) and real estate and other business services (excluding financial intermediation and insurance) (+7,1%).

Turnover was estimated at R2 304 245 million in the second quarter of 2017, an increase of 8,3% compared with R2 127 594 million in the second quarter of 2016. Six of the eight industries covered by the survey reflected an annual increase. The largest percentage increase in turnover was recorded in trade (+15,9%), followed by community, social and personal services (excluding government institutions) (+13,8%), transport, storage and communication (+11,9%), real estate and other business services (excluding financial intermediation and insurance) (+8,3%), electricity, gas and water supply (+4,5%) and manufacturing (+2,9%). Decreases were recorded in construction (-4,6%) and mining and quarrying (-1,6%).