Media Advisory: GDP 2nd Quarter 2014

MEDIA ADVISORY

For Immediate Release

22 August 2014
Contact: Lesedi Dibakwane
0828057088
lesedid@statssa.gov.za

Gross Domestic Product (GDP) Quarter 2, 2014

The Statistician General, Pali Lehohla, will release the results of the Gross Domestic Product (GDP), 2nd Quarter 2014 on Tuesday 26 August. The Gross Domestic Product (GDP), which is the total value of goods and services that are produced in an economy in a certain time period, is released by Stats SA every quarter.

The second quarter GDP figures will follow a negative growth in the first quarter of 2014, in which the real gross domestic product at market prices decreased by 0,6 per cent quarter-on-quarter, seasonally adjusted and annualised. A recession is marked by two consecutive quarters of negative growth in the economy.

The largest contributors to the quarter-on-quarter decrease of 0,6 per cent in the previous quarter (GDP Q1, 2014) were the mining and quarrying industry as well as the manufacturing industry

When: Tuesday, 26 August 2014, 11:00 Embargo 11H30
Where: GCIS, Tshedimosetso House,1035 Frances Baard Street (corner Festival Street), HATFIELD, Pretoria