IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total turnover of quarterly financial statistics (QFS) industries¹ in the second quarter of 2019 was estimated at R2 472 001 million (R2,47 trillion), an increase of 3,3% compared with the first quarter of 2019 (R2 392 753 million or R2,39 trillion).

Between the first and second quarters of 2019, turnover increased in six of the eight industries covered by the survey. The largest percentage increase in turnover was recorded in mining and quarrying (+10,5%), followed by electricity, gas and water supply (+10,1%), manufacturing (+4,1%), real estate and other business services (excluding financial intermediation and insurance) (+4,0%), transport, storage and communication (+1,7%) and trade (+1,5%). Decreases were recorded for community, social and personal services (excluding government and educational institutions) (-0,6%) and construction (-0,1%).

Total closing inventories at the end of the second quarter of 2019 were estimated at R923 338 million, an increase of 1,4% compared with R910 509 million at the end of the first quarter of 2019. Increases were recorded in electricity, gas and water supply (+12,4%), community, social and personal services (excluding government and educational institutions) (+4,0%), manufacturing (+1,8%), real estate and other business services (excluding financial intermediation and insurance) (+1,4%), trade (+1,3%) and transport, storage and communication (+0,4%). Decreases were recorded for construction (-5,8%) and mining and quarrying (-0,8%).

Total capital expenditure on property, plant and equipment was estimated at R81 687 million in the second quarter of 2019, a decrease of 4,2% compared with R85 270 million in the first quarter of 2019. The largest percentage decrease was recorded in electricity, gas and water supply (-28,1%), followed by construction (-18,5%), transport, storage and communication (-13,8%) and community, social and personal services (excluding government and educational institutions) (-5,4%). Increases were recorded for manufacturing (12,0%), mining and quarrying (+8,5%), trade (+3,5%) and real estate and other business services (excluding financial intermediation and insurance) (+1,4%).

Turnover was estimated at R2 472 001 million in the second quarter of 2019, an increase of 5,1% compared with R2 352 686 million in the second quarter of 2018. All of the eight industries covered by the survey reflected an annual increase. The largest percentage increase in turnover was recorded in community, social and personal services (excluding government and educational institutions) (+14,7%), followed by real estate and other business services (excluding financial intermediation and insurance) (+12,7%), manufacturing (+6,1%), mining and quarrying (+5,4%), transport, storage and communication (+4,6%), electricity, gas and water supply (+2,0%), trade (+1,8%) and construction (+0,4%).

¹All industries in the South African economy, excluding agriculture, financial intermediation, insurance, government and educational institutions.