The weakest links
On the other hand, the weakest performing industries were agriculture gross value added, with a year-on-year decline of -14.1%, as drought takes its toll, mining with a -0.6% decline, manufacturing with a -0.8% decline, and an electricity contraction of -2.9%.
Overall, real GDP growth was slightly positive to the tune of +0.6%, from a previous quarter’s +0.7%.the quarter-on-quarter seasonally-adjusted and annualised basis.
However, the broad multi-year growth slowdown since 2012 continues. The rate slowed further to 0.6% in the 4th quarter from 1.0% year-on-year in the 3rd quarter. This is the slowest year-on-year growth since the final quarter of 2009.
