The seasonally adjusted real GDP at market prices for the second quarter of 2015 decreased by an annualised rate of 1,3 per cent compared with an increase of 1,3 per cent during the first quarter of 2015.

The main contributors to the decrease in economic activity for the second quarter of 2015 were the manufacturing industry (contributing -0,8 of a percentage point), the mining and quarrying industry (contributing -0,5 of a percentage point) and the agriculture, forestry and fishing industry (contributing -0,4 of a percentage point).

The seasonally adjusted real annualised value added by the primary and secondary sectors recorded decreases of 9,3 per cent and 4,7 per cent respectively, while the tertiary sector recorded an increase of 1,1 per cent during the second quarter of 2015.

The unadjusted real GDP at market prices for the second quarter of 2015 increased by 1,2 per cent compared with the second quarter of 2014. The estimate of GDP for the first six months of 2015 increased by 1,6 per cent compared with the corresponding period in 2014.

The GDP estimates are preliminary, and may routinely be revised on the basis of additional evidence that has become available by the time the subsequent quarter’s estimates are released.
Ends.

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Mr Gerhardt Bouwer, at (012) 310-8241/ 082-888-2409