{"id":58879,"date":"2014-05-27T12:25:41","date_gmt":"2014-05-27T10:25:41","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=58879"},"modified":"2014-05-27T12:25:41","modified_gmt":"2014-05-27T10:25:41","slug":"sa-economy-shrinks-0-6-in-first-quarter","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/58879\/sa-economy-shrinks-0-6-in-first-quarter\/","title":{"rendered":"SA economy shrinks 0.6% in first quarter"},"content":{"rendered":"<p>South Africa&#8217;s economy shrunk by 0.6% in the first three months of the year, Statistics SA reported on Tuesday.<\/p>\n<p class=\"BodyP\">&#8220;The seasonally adjusted real GDP at market prices for the first quarter of 2014 decreased by an annualised rate of 0.6%\u00a0 compared with an increase of 3.8% during the fourth quarter of 2013,&#8221; it said in a statement.<\/p>\n<p class=\"BodyP\">&#8220;The main contributors to the decrease in economic activity in the first quarter of 2014 were the mining and quarrying industry (-1.3 percentage points) and the manufacturing industry (-0.7 of a percentage point).&#8221;<\/p>\n<p class=\"BodyP\">Positive contributions by other industries included finance, real estate and business services (0.4 of a percentage point), the wholesale, retail and motor trade; catering and accommodation industry (0.3 of a percentage point) and the transport, storage and communication industry and general government services (each contributing 0.2 of a percentage point).<\/p>\n<h3 class=\"BodyP\">More on South Africa&#8217;s economy<\/h3>\n<p class=\"BodyP\"><a title=\"South Africa\u2019s economic champion\" href=\"http:\/\/businesstech.co.za\/news\/banking\/57837\/south-africas-economic-champion\/\"><strong>South Africa\u2019s economic champion<\/strong><\/a><\/p>\n<p><a title=\"South Africa\u2019s economy slows to a crawl\" href=\"http:\/\/businesstech.co.za\/news\/general\/57497\/south-africas-economy-slows-to-a-crawl\/\"><strong>South Africa\u2019s economy slows to a crawl<\/strong><\/a><\/p>\n<p><a title=\"South Africa\u2019s economy is stagnating: economist\" href=\"http:\/\/businesstech.co.za\/news\/general\/55524\/south-africas-economy-is-stagnating-economist\/\"><strong>South Africa\u2019s economy is stagnating: economist<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa&#8217;s economy shrunk by 0.6% in the first three months of the year, Statistics SA reported on Tuesday.<\/p>\n","protected":false},"author":4,"featured_media":54010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,1739],"class_list":["post-58879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-statistics-sa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/58879","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=58879"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/58879\/revisions"}],"predecessor-version":[{"id":58883,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/58879\/revisions\/58883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/54010"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=58879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=58879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=58879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}