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SA non-farm, non-gov economy lifts 14.2%
SA's quarterly financial statistics released on Tuesday, 24 March 2009, show that non-farm, non government turnover accelerated to a 14.2% year-on-year (y/y) rise in the fourth quarter, but dipped 2.8% between the third and fourth quarters of 2008.
The total turnover of all industries for the fourth quarter of 2008 was estimated at R1,34 trillion from the revised third quarter total of R1,38 trillion.
Between the third and fourth quarter of 2008, turnover decreased in six of the eight industries covered in the survey.
The largest decrease in turnover was recorded for electricity, gas and water supply (-25.4%), followed by mining and quarrying (-10.1%), manufacturing (-6.3%), construction (-3.3%), real estate and other business services (excluding financial intermediation and insurance) (-2.3%) and community, social and personal services (excluding government institutions) (-1.7%).
Increases were reported for transport, storage and communication (+4.4%) and trade (+1.2%).
The largest increase in turnover for all industries was reported by mining and quarrying (+27.7%) followed by electricity, gas and water supply (+26.6%), construction (+22.1%), community, social and personal services (excluding government institutions) (+19.7%), transport, storage and communication (+17.8%), manufacturing (+13.7%), trade (+12.1%) and real estate and other business services (excluding financial intermediation and insurance)(+5.7%).
Total inventories at the end of the fourth quarter of 2008 were estimated at R478,758 billion compared with R494,631 billion for the revised third quarter of 2008, a decrease of 3.2%.
The largest decrease in inventories was recorded for manufacturing (-6.9%), followed by real estate and other business services (excluding financial intermediation and insurance) (-3.1%) and trade (-2.8%).
Increases were reported for electricity, gas and water supply (+16.3%), transport, storage and communication (+15.2%), mining and quarrying (+3.1%), construction (+2.8%) and community, social and personal services (excluding government institutions) (+2.6%).
Purchases for the fourth quarter of 2008 were estimated at R764,648 billion compared with R821,044 billion for the revised third quarter of 2008, a decrease of 6.9%.
The largest decrease in purchases was recorded for manufacturing (-15.4%), followed by mining and quarrying (-8.8%), real estate and other business services (excluding financial intermediation and insurance) (-7.4%), electricity, gas and water supply (-6.5%), trade (-2.7%) and construction (-2.0%).
Increases were reported for transport, storage and communication (+7.4%) and community, social and personal services (excluding government institutions) (+1.6%).
Total capital expenditure on new buildings, improvements, construction works, plant and machinery, furniture, fittings, vehicles and other equipment was estimated at R73,128 billion for all industries for the fourth quarter of 2008, an increase of 14.0% compared with the revised third quarter of 2008 (R64,135 billion).
The largest increase was reported for transport, storage and communication (+28.4%), followed by construction (+25.8%), real estate and other business services (excluding financial intermediation and insurance) (+23.3%), mining and quarrying (+22.6%) and trade (+1.3%).
Decreases were reported for community, social and personal services (excluding government institutions) (-14.5%) and manufacturing (-1.6%). Electricity, gas and water supply remained unchanged.
Published courtesy of
