4.1%

Finweek English Edition - - IN BRIEF -

South Africa’s GDP growth rate, on a quar­ter-by-quar­ter ba­sis, recorded i n t he f i nal quar­ter of 2014, beat­ing the con­sen­sus fore­cast of a 3.7% quar­ter-on-quar­ter ex­pan­sion. The big­gest con­tri­bu­tion dur­ing the fourth quar­ter came from the man­u­fac­tur­ing sec­tor, which grew by 9.5% quar­ter on quar­ter and added 1.2 per­cent­age points to head­line quar­terly GDP growth. Com­pared to the fourth quar­ter of 2013, real GDP grew by 1.3%. The con­sen­sus fore­cast was for growth of 1% year on year, and was lower than the 1.6% year-onyear growth recorded in the third quar­ter.

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