GDP rises in the first quarter of 2021
The South African economy grew by 1,1% in the first quarter of 2021 (January–March), translating into an annualised growth rate of 4,6%.1 This follows a revised 1,4% (annualised: 5,8%) rise in real gross domestic product (GDP) in the fourth quarter of 2020. The finance, mining and trade industries were the main drivers of output on read more »
When talking economics, consider the provinces
Economic growth is often quite lumpy. A national measure of gross domestic product (GDP) is useful to gauge how a country is doing as a whole. Still, it misses the fact that economic activity varies across towns, cities and regions. Stats SA’s most recent quarterly GDP release provides national data for the entire year of read more »
Formal non-agricultural sector jobs increase in the 4th quarter 2020
Jobs in the formal non-agricultural sector increased by 76Â 000 in the fourth quarter of 2020, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,64 million. This is according to the Quarterly Employment Statistics (QES, Q4:2020) survey released by Statistics South Africa (Stats SA). Year-on-year, formal sector read more »
GDP: Quantifying SA’s economic performance in 2020
Stats SA’s Gross domestic product (GDP) release for the fourth quarter of 2020 (October–December) concludes the series for the year, providing a sobering overview of 2020. Manufacturing and trade help lift growth in the fourth quarter The economy grew by 1,5% in the fourth quarter, giving an annualised1 growth rate of 6,3%. This follows read more »
Reweighting and rebasing of the producer price index
19 February 2021 The producer price indices (PPIs) for January 2021 will reflect updates to the basket and weights, and will be rebased to December 2020 = 100. Tracking price changes of locally produced goods, the PPIs cover the following industries: manufacturing; water and electricity; mining and quarrying; and agriculture, forestry and fishing. Industry-level weights read more »
Jobs in the SA formal sector up in the 3rd quarter of 2020
According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), jobs in the formal non-agricultural sector increased by 75Â 000 in the third quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,6 million. According to the report, formal read more »
GDP rallies as lockdown restrictions ease
South Africa’s economy rebounded in the third quarter of 2020 (July–September), coinciding with the easing of COVID-19 lockdown restrictions. All industries recorded an increase in economic activity compared with the second quarter, with manufacturing, trade and mining leading the charge. Businesses were supported by an increase in both exports and household spending. Gross domestic product read more »
Quarterly Labour Force Survey (QLFS) – Q3:2020
MEDIA RELEASE                                                                                                                                                                                  12 November 2020                                                                  Quarterly Labour Force Survey (QLFS) – Q3:2020 The results of the Quarterly Labour Force Survey (QLFS) for the third quarter of 2020 indicate large movements out of the “other not economically active” category to “employed” and “unemployed” between quarter 2 and quarter 3 2020. The number of employed read more »
SA loses more than 600K formal sector jobs during COVID-19 lockdown
According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), the formal non-agricultural sector shed 648Â 000 jobs in the second quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to 9,5 million. According to the report, formal sector jobs decreased read more »
29 September Quarterly Labour Force Survey (QLFS) – Q2:2020
The results of the Quarterly Labour Force Survey (QLFS) for the second quarter of 2020 indicate that the number of employed persons decreased by 2,2 million to 14,1 million compared to the first quarter of 2020. This unprecedented change is the largest quarter one to quarter two decline since the survey began in 2008. Contrary read more »