Key findings: P0044 - Quarterly financial statistics (QFS), June 2021

The total turnover of quarterly financial statistics (QFS) industries1 in the second quarter of 2021 was estimated at R2 865 201 million (R2,87 trillion), an increase of 6,3% compared with the first quarter of 2021 (R2 695 263 million or R2,70 trillion).

Between the first and second quarters of 2021, turnover increased in seven industries covered by the survey. The largest percentage increase in turnover was recorded in mining and quarrying (+19,7%), followed by electricity, gas and water supply (+14,7%), manufacturing (+5,1%), trade (+4,9%), real estate and other business services (excluding financial intermediation and insurance) (+4,2%), transport, storage and communication (+3,4%) and  construction (+2,1%). A decrease was recorded in community, social and personal services (excluding government and educational institutions) (-0,6%).

Total closing inventories at the end of the second quarter of 2021 were estimated at R1 130 485 million, an increase of 4,7% compared with R1 079 703 million at the end of the first quarter of 2021. Increases were recorded for transport, storage and communication (+11,5%), trade (+7,4%), manufacturing (+5,6%), real estate and other business services (excluding financial intermediation and insurance) (+4,8%) and construction (+1,5%). Decreases were recorded in electricity, gas and water supply (-3,2%) and mining and quarrying (-2,3%).

Total capital expenditure on property, plant and equipment was estimated at R82 154 million in the second quarter of 2021, a decrease of 1,4% compared with R83 297 million in the first quarter of 2021. The largest percentage decrease was recorded in transport, storage and communication (-27,8%), followed by electricity, gas and water supply (-14,9%) and community, social and personal services (excluding government and educational institutions) (-13,1%). Increases were recorded for construction (+17,2%), trade (+16,3%), mining and quarrying (+12,5%), real estate and other business services (excluding financial intermediation and insurance) (+9,1%), and manufacturing (+5,3%).

Turnover was estimated at R2 865 201 million in the second quarter of 2021, an increase of 38,2% compared with R2 073 506 million in the second quarter of 2020. All of the eight industries covered by the survey reflected annual increases. The largest percentage increase in turnover was recorded in mining and quarrying (+96,6%), followed by construction (+48,3%), community, social and personal services (excluding government and educational institutions) (+44,1%), manufacturing (+40,1%), trade (+35,3%), electricity, gas and water supply (+24,5%), real estate and other business services (excluding financial intermediation and insurance) (+21,5%) and transport, storage and communication (+17,3%).