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Statistical update on South Africa’s economic sectors

 

The Industrial Development Corporation’s Research and Information Department takes pleasure in releasing the latest statistical update of its regular publication Sectoral Trends: Performance of the primary and secondary sectors of the South African economy.

Mining production declined in the third quarter by 12% on a seasonal adjusted basis, compared to the second quarter of 2012, highlighting the impact of the industrial action thus far. Significant production declines were experienced in the Platinum Group Metals sector, as the production disruptions were most acute there. Manufacturing production remains under pressure due to weak internal and external demand.

The international trade performance during the third quarter highlighted the weak global demand for South African products, while imports remained strong. This resulted in a significant widening of the trade deficit to R94.2 billion over the first three quarters of 2012.

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