SA made R1.86 trillion in Q2

The total turnover of all industries is estimated at R1.86 trillion for the second quarter of 2014, Statistics SA said on Monday.

“There was a decrease of 0.5 percent between March and June,” statistician general Pali Lehohla said.

In the revised first quarter of 2014, the total turnover was R1.87 trillion for the quarterly financial statistics.

“In four of the eight industries, the turnover decreased.”

Lehohla was briefing the media in Pretoria on various statistics released by Stats SA on Monday, including the quarterly financial statistics for June 2014.

He said the largest decrease was in mining and quarrying, which dropped by 5.7 percent.

“The mining industry performed badly because of industrial action,” said Lehohla.

Community, social and personal services (excluding government institutions) dropped by 4.5 percent, manufacturing by 2.5 percent and trade by 0.2 percent.

“The strike in the manufacturing industry may have had a huge impact.”

Electricity and water supply increased by 14.5 percent, construction by 4.4 percent, transport, storage and communication by 2.2 percent and real estate and other business services by 1.7 percent.

Financial intermediation and insurance were not included.

“The electricity sector is growing,” he said.

Lehohla said despite the slight quarter-on-quarter drop there was an increase annually.

“Year-on-year the increase has been positive,” he said.

Turnover of all industries for the second quarter of 2013 was R1.706 trillion.

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SA made R1.86 trillion in Q2