![Economic growth muted as 2023 draws to a close](https://www.statssa.gov.za/wp-content/uploads/2024/03/gdp4-64x64.jpg)
Economic growth muted as 2023 draws to a close
South Africa’s economy grew by a marginal 0,1%1 in the fourth quarter (October–December), taking the annual growth rate for 2023 to 0,6%. Real gross domestic product (GDP) in the fourth quarter was R1 158 billion. This is above the pre-COVID-19 reading of R1 150 billion, but still below the peak of R1 161 billion recorded in the third quarter read more »
![Economic wrap-up for February 2024](https://www.statssa.gov.za/wp-content/uploads/2024/03/feb1-64x64.jpg)
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](https://www.statssa.gov.za/wp-content/uploads/2024/02/PPIPic1-64x64.jpg)
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 »
![Formal non-agricultural sector jobs rise in the third quarter of 2023](https://www.statssa.gov.za/wp-content/uploads/2023/12/QES-Q3-2023-earnings-final-64x64.jpg)
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 »
![Metal ores push up mining turnover](https://www.statssa.gov.za/wp-content/uploads/2023/12/afsc-64x64.jpg)
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 »
Stats Biz – November 2023
Real gross domestic product (GDP) contracted by 0,2% in the third quarter of 2023. This followed two consecutive quarters of growth. On the production side of the economy, five of the ten industries recorded weaker results in the third quarter, with agriculture, manufacturing and construction the biggest drags on growth. Explore the latest GDP figures, read more »
![GDP weakens in the third quarter](https://www.statssa.gov.za/wp-content/uploads/2023/12/gdp3-64x64.jpg)
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](https://www.statssa.gov.za/wp-content/uploads/2023/12/nov1-64x64.jpg)
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](https://www.statssa.gov.za/wp-content/uploads/2023/11/econ1-64x64.jpg)
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 »
![Economic wrap-up for September 2023](https://www.statssa.gov.za/wp-content/uploads/2023/10/pic1-64x64.jpg)
Economic wrap-up for September 2023
Stats SA published a variety of reports, statistical releases and discussion documents in September. Here is a rundown of key economic indicators. GDP: SA invests in machinery & equipment and households cut back on spending In September, Stats SA released both national and provincial gross domestic product (GDP) figures. On the national front, GDP recorded read more »