The total turnover of quarterly financial statistics (QFS) industries1 in the second quarter of 2022 was estimated at R3 085 798 million (R3,09 trillion), an increase of 3,9% compared with the first quarter of 2022 (R2 970 484 million or R2,97 trillion).

Between the first and second quarters of 2022, turnover increased in six industries covered by the survey. The largest percentage increase in turnover was recorded in electricity, gas and water supply (+14,3%), followed by mining and quarrying (+8,3%), transport, storage and communication (+5,9%), trade (+4,9%), construction (+4,3%) and manufacturing (+2,6%). A decrease was recorded in real estate and other business services (excluding financial intermediation and insurance) (-2,3%).

Total closing inventories at the end of the second quarter of 2022 were estimated at R1 176 107 million, an increase of 4,7% compared with R1 123 597 million at the end of the first quarter of 2022. Increases were recorded for transport, storage and communication (+14,0%), manufacturing (+7,3%), trade (+4,9%), construction (+2,3%), real estate and other business services (excluding financial intermediation and insurance) (+1,7%) and community, social and personal services (excluding government and educational institutions) (+0,4%). Decreases were recorded in electricity, gas and water supply (-2,0%) and mining and quarrying (-1,3%).

Total capital expenditure on property, plant and equipment was estimated at R90 949 million in the second quarter of 2022, a decrease of 4,5% compared with R95 207 million in the first quarter of 2022. The largest percentage decrease was recorded in transport, storage and communication (-29,1%), followed by electricity, gas and water supply (-22,9%) and community, social and personal services (excluding government and educational institutions) (-22,1%). Increases were recorded for construction (+29,0%), manufacturing (+21,6%), mining and quarrying (+19,0%), trade (+6,0%) and real estate and other business services (excluding financial intermediation and insurance) (+2,4%).

Turnover was estimated at R3 085 798 million in the second quarter of 2022, an increase of 6,3% compared with R2 903 645 million in the second quarter of 2021. Five of the eight industries covered by the survey reflected annual increases. The largest percentage increase in turnover was recorded in transport, storage and communication (+15,0%), followed by electricity, gas and water supply (+13,0%), trade (+12,6%), community, social and personal services (excluding government and educational institutions) (+8,5%) and manufacturing (+5,3%). Decreases were recorded in construction (-12,3%), mining and quarrying (-4,2%) and real estate and other business services (excluding financial intermediation and insurance) (-2,0%).