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South Africa Q2 GDP grows 1.2% q/q – stats office

People work at ”The Faktory”, a fashion design and clothing manufacturing company in Johannesburg, South Africa, March 4, 2021. REUTERS/Siphiwe Sibeko

PRETORIA, Sept 7 (Reuters) – The South African economy grew 1.2% in the second quarter compared to the previous three months in seasonally adjusted but non-annualised terms, statistics agency data showed on Tuesday.

Economists polled by Reuters had forecast gross domestic product (GDP) growth of 0.7% (ZAGDPN=ECI), versus a revised 1.0% increase in the first quarter.

Reporting by Alexander Winning
Editing by Nqobile Dludla

Our Standards: The Thomson Reuters Trust Principles.

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