Key findings: P0044 - Quarterly financial statistics (QFS), June 2024

The total turnover of quarterly financial statistics (QFS) industries1 in the second quarter of 2024 was estimated at R3 419 873 million (R3,42 trillion), an increase of 4,2% compared with the first quarter of 2024 (R3 281 410 million or R3,28 trillion).
Between the first and second quarters of 2024, 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 (+15,1%), followed by mining and quarrying (+10,9%), manufacturing (+4,3%), construction (+4,1%), transport, storage and communication (+3,9%), real estate and other business services (excluding financial intermediation and insurance) (+3,5%), trade (+2,5%) and community, social and personal services (excluding government and educational institutions) (+0,1%).
Total closing inventories at the end of the second quarter of 2024 were estimated at R1 522 644 million, an increase of 3,3% compared with R1 473 322 million at the end of the first quarter of 2024. Increases were recorded in transport, storage and communication (+16,6%), electricity, gas and water supply (+15,5%), manufacturing (+5,0%), construction (+2,3%) and trade (+2,2%). Decreases were recorded in real estate and other business services (excluding financial intermediation and insurance) (-4,4%), mining and quarrying (-2,4%) and community, social and personal services (excluding government and educational institutions) (-0,3%).
Turnover was estimated at R3 419 873 million in the second quarter of 2024, an increase of 2,6% compared with R3 332 113 million in the second quarter of 2023. Seven of the eight industries covered by the survey reflected annual increases. The largest percentage increase in turnover was recorded in community, social and personal services (excluding government and educational institutions) (+12,1%), followed by electricity, gas and water supply (+9,9%), manufacturing (+9,3%), construction (+6,2%), transport, storage and communication (+4,2%) and real estate and other business services (excluding financial intermediation and insurance) (+2,4%). A decrease was recorded in trade (-3,2%).