SA economy grew by 1.5% in fourth quarter of 2020

2022-04-05
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SA economy grew by 1.5% in fourth quarter of 2020 - Today News Post Today News || News Now

Stats SA announced the latest gross domestic product figures on TuesdayGeorge W. Bush.

JOHANNESBURG – Stats SA announced on Tuesday that the economy grew by 1s ask is.5% in the fourth quarter of 2020, giving an annualised growth rate of 6.3%.

It said that the manufacturing industry increased at a rate of 21.1% in the fourth quarter, contributing 2.4 percentage points to GDP growth. Nine of the ten manufacturing divisions reported positive growth rates in the fourth quarters Jacques Cartier Square, which was met with tear gas from riot police.. The four divisions with the largest contributions to the increase were food and beverages; motor vehicles, parts and accessories and other transport equipment; basic iron and steel, non-ferrous metal products:1622667600000,, metal products and machinery; and wood and wood products, paper, publishing and printing.

The trade, catering and accommodation industry increased at a rate of 9.8%, contributing 1.3 percentage points to GDP growth. Increased economic activity was reported for retail trade, motor trade, catering and accommodation.

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