Key findings for the quarter ended September 2022

The total turnover of quarterly financial statistics (QFS) industries1 in the third quarter of 2022 was estimated at R3 238 962 million (R3,24 trillion), an increase of 4,8% compared with the second quarter of 2022 (R3 089 515 million or R3,09 trillion).

Between the second and third quarters of 2022, turnover increased in seven industries covered by the survey. The largest percentage increase in turnover was recorded in electricity, gas and water supply (+16,4%), followed by manufacturing (+10,3%), transport, storage and communication (+3,3%), trade (+3,0%), real estate and other business services (excluding financial intermediation and insurance) (+3,0%), community, social and personal services (excluding government and educational institutions) (+2,7%) and construction (+1,6%). A decrease was recorded in mining and quarrying (-1,0%).

Total closing inventories at the end of the third quarter of 2022 were estimated at R1 229 861 million, an increase of 4,3% compared with R1 179 269 million at the end of the second quarter of 2022. Increases were recorded for transport, storage and communication (+7,2%), manufacturing (+5,7%), trade (+4,5%), mining and quarrying (+4,1%), real estate and other business services (excluding financial intermediation and insurance) (+1,2%) and community, social and personal services (excluding government and educational institutions) (+0,1%). Decreases were recorded in electricity, gas and water supply (-10,5%) and construction (-0,9%).

Total capital expenditure on property, plant and equipment was estimated at R97 571 million in the third quarter of 2022, an increase of 9,0% compared with R89 494 million in the second quarter of 2022. The largest percentage increase was recorded in community, social and personal services (excluding government and educational institutions) (+77,3%), followed by transport, storage and communication (+22,2%), construction (+10,4%), trade (+5,9%), manufacturing (+4,9%), electricity, gas and water supply (+3,2%), real estate and other business services (excluding financial intermediation and insurance) (+1,0%) and mining and quarrying (+0,7%).

Turnover was estimated at R3 238 962 million in the third quarter of 2022, an increase of 9,7% compared with R2 952 847 million in the third quarter of 2021. Six of the eight industries covered by the survey reflected annual increases. The largest percentage increase in turnover was recorded in manufacturing (+15,1%), followed by transport, storage and communication (+12,4%), trade (+11,5%), community, social and personal services (excluding government and educational institutions) (+11,3%), mining and quarrying (+10,3%) and electricity, gas and water supply (+3,0%). Decreases were recorded in construction (-12,2%) and real estate and other business services (excluding financial intermediation and insurance) (-1,3%).