South Africa's gross spending grows slightly in Q3

PUBLISHED: Tue, 06 Dec 2016 08:22:20 GMT
Share

South Africa’s real gross domestic expenditure grew by 0.5 percent in the third quarter of 2016 after expanding by a revised 3.7 percent in the second quarter, the statistics agency said on Tuesday.

Household expenditure increased by 2.6 percent in the third quarter of the year after increasing by 1.4 percent in the previous quarter.

Government expenditure was up, increasing by 2.1 percent in the quarter compared to a 1.4 percent increase in the second three months of the year. Gross fixed capital formation contracted by 1 percent against a decrease of 6.8 percent previously.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.