IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total turnover of quarterly financial statistics (QFS) industries¹ in the third quarter of 2023 was estimated at R3 441 987 million (R3,44 trillion), an increase of 3,3% compared with the second quarter of 2023 (R3 332 113 million or R3,33 trillion). 

Between the second and third quarters of 2023, turnover increased in five industries covered by the survey. The largest percentage increase in turnover was recorded in electricity, gas and water supply (+16,9%), followed by manufacturing (+7,8%), trade (+2,4%), transport, storage and communication (+2,1%) and community, social and personal services (excluding government and educational institutions) (+0,3%). Decreases were recorded in mining and quarrying (-3,8%), real estate and other business services (excluding financial intermediation and insurance)     (-0,9%) and construction (-0,2%).

Total closing inventories at the end of the third quarter of 2023 were estimated at R1 386 920 million, an increase of 2,6% compared with R1 351 543 million at the end of the second quarter of 2023. Increases were recorded in electricity, gas and water supply (+7,0%), construction (+4,7%), mining and quarrying (+3,5%), manufacturing (+2,8%) and trade (+2,3%). Decreases were recorded in real estate and other business services (excluding financial intermediation and insurance) (-9,0%), community, social and personal services (excluding government and educational institutions) (-5,7%) and transport, storage and communication (-3,1%).

Turnover was estimated at R3 441 987 million in the third quarter of 2023, an increase of 5,0% compared with R3 278 710 million in the third quarter of 2022. Five of the eight industries covered by the survey reflected annual increases. The largest percentage increase in turnover was recorded in electricity, gas and water supply (+13,8%), followed by trade (+12,1%), manufacturing (+9,1%), community, social and personal services (excluding government and educational institutions) (+5,6%) and construction (+1,4%). Decreases were recorded in mining and quarrying    (-12,9%), real estate and other business services (excluding financial intermediation and insurance) (-9,3%) and transport, storage and communication (-0,2%).