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SA industry turnover rises more than 4% in third quarter
SA industry turnover rises more than 4% in third quarter

SA industry turnover rises more than 4% in third quarter

ECONOMIC NEWS

bdlive.co.za - Dec 17th 2014, 10:54

South African industries generated an estimated total turnover of R1.96-trillion in the third quarter, an increase of 4.2% compared with R1.88-trillion in the second quarter. This is according to Statistics SA’s quarterly financial statistics. 

The data are for all industries excluding agriculture, financial intermediation, and insurance and government institutions.

Turnover rose in six of the eight industries covered by the survey, with the largest increases recorded for electricity, gas and water supply followed by community, social and personal services; trade; transport, storage and communication; manufacturing; and construction.

Decreases were recorded for mining and quarrying; and real estate and other business services.
The decreases in mining can partly be attributed to lower commodity prices and the lingering effects of strikes that affected output in the first half of the year.

Total inventories also increased to an estimated R710.8bn in the third quarter compared with R702.5bn in the second quarter. The largest increase in inventories was recorded for trade followed by construction, while decreases were recorded for electricity, gas and water supply, and transport, storage, and communication.

Total capital expenditure on property, plant and equipment rose by almost 24% to R108bn, with the largest increase being recorded for electricity, gas and water supply followed by transport, storage and communication; community, social and personal services; real estate and other business services; and mining and quarrying.

Decreases were recorded for construction, trade, and manufacturing.

The turnover of all industries for the third quarter of 2014 was estimated at R1.96-trillion compared with R1.86-trillion in the third quarter of 2013.From DFM Publishers (Pty) Ltd 

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