GDP Expands Again During the Third Quarter of 2017

SOUTH AFRICA - Report 05 Dec 2017 by Iraj Abedian

On a quarter-on-quarter, seasonally adjusted and annualized basis, GDP in the third quarter of 2017 increased by 2.0%. This was the second consecutive quarterly increase following the upwardly adjusted second quarter growth rate of 2.8% q/q (previously 2.5%). Furthermore, these positive growth rates follow the technical recession that took place at the beginning of 2017. Production output increased in six out of the ten main economic sectors during the third quarter of 2017. As we had anticipated, agriculture continued to grow significantly into the third quarter. It increased by a mas...

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