The total turnover of all industries is estimated at R1.86 trillion for the second quarter of 2014, Statistics SA said on Monday.<\/p>\n
“There was a decrease of 0.5 percent between March and June,” statistician general Pali Lehohla said.<\/p>\n
In the revised first quarter of 2014, the total turnover was R1.87 trillion for the quarterly financial statistics.<\/p>\n
“In four of the eight industries, the turnover decreased.”<\/p>\n
Lehohla was briefing the media in Pretoria on various statistics released by Stats SA on Monday, including the quarterly financial statistics for June 2014.<\/p>\n
He said the largest decrease was in mining and quarrying, which dropped by 5.7 percent.<\/p>\n
“The mining industry performed badly because of industrial action,” said Lehohla.<\/p>\n
Community, social and personal services (excluding government institutions) dropped by 4.5 percent, manufacturing by 2.5 percent and trade by 0.2 percent.<\/p>\n
“The strike in the manufacturing industry may have had a huge impact.”<\/p>\n
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.<\/p>\n
Financial intermediation and insurance were not included.<\/p>\n
“The electricity sector is growing,” he said.<\/p>\n
Lehohla said despite the slight quarter-on-quarter drop there was an increase annually.<\/p>\n
“Year-on-year the increase has been positive,” he said.<\/p>\n
Turnover of all industries for the second quarter of 2013 was R1.706 trillion.<\/p>\n
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