GDP’s Q4 2014 Outcome Fails to Lift Annual Growth

SOUTH AFRICA - Report 24 Feb 2015 by Iraj Abedian
Statistics South Africa today reported that the inflation adjusted (real) Gross Domestic Product (GDP) increased notably at a quarterly, seasonally adjusted annualized rate of 4.1% in the last quarter of 2014. The outcome added two percentage points to the preceding quarter’s rate (see Graph 1). Graph 1 Quarterly inflation adjusted GDP growth rate, South Africa Note: Seasonally adjusted and annualized rates, constant 2010 prices. Source Statistics South Africa The principal contributors to the remarkable recovery in q/q seasonally adjusted annualized GDP growth were the “manufacturing” (9.5...

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