Category Archives: Economic growth

Economic wrap-up for February 2024

Economic wrap-up for February 2024

February is a highlight of Stats SA’s publication schedule, with the release of various economic indicators for December concluding the results for the previous year. The preliminary data point to a lacklustre 2023, with several indicators in the red (Figure 1). Mining production, electricity generation, construction (the value of buildings completed as reported by large municipalities),   read more »


News weights and a new basket for the PPI

News weights and a new basket for the PPI

The producer price indices (PPIs) for January 2024 will reflect updates to the basket and weights and will be rebased to December 2023 = 100. The weights determine what products should comprise the basket of goods that create the elementary indices of the PPI. The number of products in final and intermediate manufacturing combined will   read more »


Consumer inflation inches higher in January

Consumer inflation inches higher in January

After two consecutive months of decline, annual consumer inflation crept up in January, rising to 5,3% from 5,1% in December. The monthly change in the consumer price index (CPI) was 0,1% in January. The categories in the CPI basket with the largest annual price increases were restaurants & hotels at 8,0%, food & non-alcoholic beverages   read more »


Formal non-agricultural sector jobs rise in the third quarter of 2023

Formal non-agricultural sector jobs rise in the third quarter of 2023

According to the Quarterly Employment Statistics (QES, Q3:2023) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 31 000 in the third quarter of 2023, bringing the level of employment to almost 10,2 million. The survey showed that 256 000 jobs were added between September 2022 and September   read more »


Almost one million births registered at DHA offices in 2022

Almost one million births registered at DHA offices in 2022

Live birth statistics provide a crucial glimpse into the dynamics of human populations, offering valuable insights into demographics, healthcare trends, and societal changes. Understanding live birth statistics is not merely an exercise in number-crunching; it is a gateway to comprehending the health and wellbeing of populations. The data on Recorded Live Births indicates that the   read more »


Metal ores push up mining turnover

Metal ores push up mining turnover

The mining industry’s contribution to total turnover in the South African formal business sector has increased over the years. A comprehensive time series, available from the Annual Financial Statistics (AFS) statistical release, provides a breakdown of how the turnover pie has shifted over the years. The survey reference period for the latest AFS (i.e. AFS   read more »


GDP weakens in the third quarter

GDP weakens in the third quarter

After two consecutive quarters of growth, South African real gross domestic product (GDP) contracted by 0,2% in the third quarter (July–September) of 2023.1 The contributions to the performance of the economy were evenly spread between the industries on the production side of the economy. The contributions ranged from -0,3 of a percentage point to +0,1   read more »


Economic wrap-up for November 2023

Economic wrap-up for November 2023

Stats SA published 25 statistical releases in November. Here is a quick overview of the latest economic indicators. Employment surpasses pre-COVID-19 levels Covering a sample of about 30 000 households across the country, the Quarterly Labour Force Survey reported a rise in employment figures in the South African workforce. The economy created 399 000 jobs in the   read more »


Economic wrap-up for October 2023

Economic wrap-up for October 2023

Stats SA published 25 statistical releases in October. Here is a quick overview of key economic indicators shaping the South African economy. Consumer inflation rises for a second consecutive month Inflation worries were stoked once again in September. The consumer price index (CPI), which reflects the changes in prices of a representative basket of goods   read more »


Public-sector capital expenditure increases in 2022

Public-sector capital expenditure increases in 2022

After five consecutive years of decline, capital expenditure in the public sector increased by R9,3 billion (4,6%), from R199,8 billion in 2021 to R209,1 billion in 2022. Extra-budgetary accounts and funds, national government, public corporations, provincial government and higher education institutions all recorded increases. However, there was a decline for local government, according to Stats SA’s Capital expenditure   read more »