SOUTH Africa’s gross domestic product (GDP) increased by 1.9% in the first quarter of 2022.
Addressing media on Tuesday, Statistician General Risenga Maluleke said in the first three months of the year, the manufacturing industry increased by 4.9%, contributing 0.6 of a percentage point to GDP growth.
“Seven of the 10 manufacturing divisions reported positive growth rates in the first quarter. The petroleum, chemical products, rubber and plastic products division made the largest contribution to the increase in the first quarter.”
Statistics South Africa (Stats SA) said the food and beverages division; basic iron and steel, non-ferrous metal products, metal products and machinery division, and motor vehicles, parts and accessories and other transport equipment divisions also made significant contributions to growth.
“The trade, catering and accommodation industry increased by 3.1%, contributing 0.4 of a percentage point to GDP growth. Increased economic activities were reported for wholesale trade, retail trade, motor
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