{"id":162531,"date":"2017-03-07T12:59:36","date_gmt":"2017-03-07T10:59:36","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=162531"},"modified":"2017-03-07T12:59:36","modified_gmt":"2017-03-07T10:59:36","slug":"south-africas-gdp-declined-by-0-3-in-the-fourth-quarter-of-2016","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/162531\/south-africas-gdp-declined-by-0-3-in-the-fourth-quarter-of-2016\/","title":{"rendered":"South Africa’s GDP declined by 0.3% in the fourth quarter of 2016"},"content":{"rendered":"

Stats SA has released the fourth quarter GDP data for 2016, showing a decline of 0.3% in economic activity in what is traditionally one of the most economically active periods of the year.<\/p>\n

Real gross domestic product (measured by production) decreased by 0.3% in the fourth quarter of 2016, following an increase of 0.4% in the third quarter of 2016.<\/p>\n

The largest negative contributor to growth in GDP in the fourth quarter was the mining and quarrying industry, which decreased by 11.5% and contributed -0.9 of a percentage point to GDP growth.<\/p>\n

This was followed by manufacturing, which decreased by 3.1% and contributed -0.4 of a percentage point.<\/p>\n

The trade, catering and accommodation industry and finance, real estate and business services increased by 2.1% and 1.6% respectively, and each contributed 0.3
\nof a percentage point to GDP growth.<\/p>\n

The transport, storage and communication industry increased by 2.6% and contributed 0.2 of a percentage point to GDP growth.<\/p>\n

\"\"<\/a> \"\"<\/a><\/p>\n

\n

Read:\u00a0How and why we are moving beyond GDP as a measure of human progress<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Stats SA has released the fourth quarter GDP data for 2016, showing a decline of 0.3% in economic activity in what is traditionally one of the most economically active periods of the year.<\/p>\n","protected":false},"author":10,"featured_media":144519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[25,2720],"class_list":["post-162531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-active","tag-gdp"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=162531"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162531\/revisions"}],"predecessor-version":[{"id":162545,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162531\/revisions\/162545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/144519"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=162531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=162531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=162531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}