GDP contracts slightly in third quarter
South Africa's economy contracted slightly after two consecutive quarters of growth.
Gross Domestic Product fell by 0.2% in the third quarter.
Stats SA's Bokang Vumbukani-Lepolesa says, that between July and September, growth was dragged down by the agriculture, manufacturing, and construction industries.
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She says the bird flu outbreak and the floods in the Western Cape drove the agricultural and manufacturing decline.
"Agriculture decline by 9.6% driven mainly by field crops, animal products and Horticultural products.
"Manufacturing production decreased by 1.3% with food and beverages and petroleum and chemicals are more significant negative contributors."
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