Economic Growth Bounces Back in Q2 2013

SOUTH AFRICA - Report 27 Aug 2013 by Iraj Abedian
According to official figures released today by Statistics South Africa, the inflation-adjusted gross domestic product (GDP) advanced in Q2 2013, recording 3.0% quarter-on-quarter on a seasonally adjusted and annualized basis (q/q saa). This follows a moderation from 2.1% q/q saa in Q4 2012 to 0.9% q/q saa in the first quarter of 2013 (see Graph 1). Graph 1 Quarterly Inflation-adjusted GDP Growth, South Africa Note: Seasonally adjusted and annualized rates, constant 2005 prices. Source: Statistics South Africa. As shown in Table 1, the manufacturing sector was the best performer during Q2 2...

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