SA's GDP shrinks by 3,2%
The country's economy contracted by 3,2% in the first quarter of this year.
It's the largest quarterly drop in a decade.
Stats SA says the main drivers of the negative growth were manufacturing, which was down 8.8% and mining which declined by 10.8%.
Agriculture was down 13.2%.
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South Africans spent less money on transport and bought fewer clothes and shoes, as household spending was down by 0,8%.
The South African #economy declined by 3,2% in Q1:2019 compared with Q4:2018 mainly driven by declines in #manufacturing & #mining. This is the largest quarterly drop in about 10 years #StatsSA #GDP https://t.co/EdEV4ONBwq pic.twitter.com/89O3NKX55S
— Stats SA (@StatsSA) June 4, 2019
#Primary sector declined by 11,4% as #agriculture recorded a 13,2% drop & #mining declined by 10,8% #StatsSA #GDP https://t.co/2d4zyGjj9x pic.twitter.com/UA95Ag0fVp
— Stats SA (@StatsSA) June 4, 2019
