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FEATURE ARTICLE 02.2016
Your monthly update to South Africa’s economic indicators
Headlines Rising food prices: where are the most vulnerable? Page 3 The economy: winners and No money to buy food losers of 2015 Percentage of households that ran out of money to Page 1 buy food during the 12 months before the survey
Indicators
Consumer inflation rises to 6,2% Page 2
Infographics
Industry growth in 2015 Page 4
Source: General Household Survey (GHS), 2014 (P0318)
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Economic headlines: February 2015
The economy: winners and losers of 2015 Manufacturing and the exchange rate South Africa’s economy grew by 1,3% in An analysis of manufacturing production over 2015, down from 1,5% in 2014. The main time compared with the strength of the rand. contributor to the slowdown was agriculture. (Click here to read more.) (Click here to read more.)
Tourism: employment, economy and foreign income Stats SA ready for Community Survey 2016 Much has been said about the importance of Thousands of Stats SA fieldworkers will take tourism, particularly of its role in economic to the streets in March in April. Your growth, employment and attracting foreign household might be visited. (Click here to exchange. (Click here to read more.) read more.)
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Economic indicators
PRIMARY SECTOR TERTIARY SECTOR TERTIARY SECTOR ABOUT WHOLESALE TRADE FOOD & MINING Income Production Sales BEVERAGES Click on for each 8,4% indicator to access 0,3% 0,6% the complete report. y/y in Dec y/y in Dec y/y in Dec The indicators shown TOURIST ACCOMMODATION here provide an SECONDARY SECTOR RETAIL TRADE Income indication of how Sales 13,5% various sectors of MANU- Production South Africa’s FACTURING 4,1% y/y in Dec economy are 0,4% y/y in Dec performing. y/y in Dec CONSUMER INFLATION y/y = year-on-year. MOTOR TRADE HEADLINE CPI Distribution ELECTRICITY Sales 6,2% 1,5% 1,2% y/y in Jan y/y in Dec y/y in Dec
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Rising food prices: which provinces are the most vulnerable?
Food prices might rise sharply in coming months, according to a growing number of forecasts. Survey data show which parts of the country might be most vulnerable.
Grain-based food – which includes products made from maize, rice and wheat – account for 4,8% of total spending for the average South African household.
A provincial breakdown shows that Limpopo households might be the most affected by rising prices. For every R100 spent on food, households in the province spend an average of R39 on grain- based products, followed by Eastern Cape (R33), KwaZulu-Natal (R33), Mpumalanga (R31) and North West (R28).
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Infographic of the month
Stats SA released preliminary gross domestic product (GDP) figures showing that the economy grew by 1,3% in 2015, down from 1,5% in 2014 and 2,2% in 2013.
The main contributor to the slowdown in 2015 was agriculture. Severe drought conditions saw the industry contracting by 8,4%, the largest annual fall in agriculture production since 1995. The decrease in 2015 was mainly due to a sharp drop in the production of field crops.
The finance industry expanded by 2,8%. As this is the largest industry, comprising 21% of the entire economy, its increase in activity was the main positive contributor to the 1,3% annual rise in GDP.
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FEATURE ARTICLE 02.2016
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