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SOUTH AFRICA EXITS RECESSION WITH 66.1% Q/Q ANNUALIZED GROWTH

SOUTH AFRICA
  • SOUTH AFRICA EXITS RECESSION WITH 66.1% Q/Q ANNUALIZED GROWTH
  • 3Q GDP FELL 6.0% FROM YEAR EARLIER
  • HOUSEHOLD SPENDING ROSE ANNUALIZED 69.5% IN 3Q
  • FIXED CAPITAL FORMATION GREW ANNUALIZED 26.5% IN 3Q
  • 66.1% is higher than all estimates seen before with the median estimate around the 60% mark - pointing to a stronger recovery than as broadly expected even when the extremely low base is factored in
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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