S.Africa Q3 spending growth quickens to annualised 2.6% - CNBC Africa

S.Africa Q3 spending growth quickens to annualised 2.6%

Financial

by Reuters 0

Spending in South Africa expanded at an annualised 2.6 per cent in the third quarter of the year. PHOTO: Getty Images

This is after edging up 0.5 per cent previously, with household consumption offsetting slower growth in government expenditure, the central bank said on Monday.

"Although consumer confidence retreated somewhat in the third quarter of 2014, it still remained marginally above the low levels recorded in the second half of 2013," the Reserve Bank said in its quarterly bulletin.

 

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