Registered users can save articles to their personal articles list. Login here or sign up here

R1.86trn – Q2 total turnover of all industries

“In four of the eight industries, the turnover decreased.”

The total turnover of all industries is estimated at R1.86 trillion for the second quarter of 2014, Statistics SA said on Monday.

“There was a decrease of 0.5% between March and June,” statistician general Pali Lehohla said.

In the revised first quarter of 2014, the total turnover was R1.87 trillion for the quarterly financial statistics.

“In four of the eight industries, the turnover decreased.”

Lehohla was briefing the media in Pretoria on various statistics released by Stats SA on Monday, including the quarterly financial statistics for June 2014.

He said the largest decrease was in mining and quarrying, which dropped by 5.7%.

“The mining industry performed badly because of industrial action,” said Lehohla.

Community, social and personal services (excluding government institutions) dropped by 4.5%, manufacturing by 2.5% and trade by 0.2%.

“The strike in the manufacturing industry may have had a huge impact.”

Electricity and water supply increased by 14.5%, construction by 4.4%, transport, storage and communication by 2.2% and real estate and other business services by 1.7%.

Financial intermediation and insurance were not included.

“The electricity sector is growing,” he said.

Lehohla said despite the slight quarter-on-quarter drop there was an increase annually.

“Year-on-year the increase has been positive,” he said.

Turnover of all industries for the second quarter of 2013 was R1.706 trillion.

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

Comments on this article are closed.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

SHOP NEWSLETTERS TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company:
server: 172.17.0.2