Finance, business services and property still best performers in slow GDP growth

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%.

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Overall figures

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.