The State of the South African Economy_Sectoral Insights ahead of GDP data release

StatsSA will release the country’s latest gross domestic product (GDP) data on Tuesday, December 3. The South African economy expanded by 3.1% quarter-on-quarter (q-o-q) during 2019Q2.

PwC Strategy& economists have released a commentary - State of the Economy - that analyses 14 economic indicators in order to gauge the health of the SA economy. Out of the 14 indicators, only two - wholesale trade and civil construction confidence – showed improvement during 2019Q3. This sends a clear warning that GDP data for the third quarter will be disappointing – and most likely in the fourth quarter as well.

Click here to read the report