South Africa’s gross domestic product (GDP) increased by 1,6% in the third quarter of 2022.
The agriculture, forestry and fishing industry increased by 19,2% in the third quarter, contributing 0,5 of a percentage point to GDP growth. Increased economic activities were reported for field crops and horticulture products.
Finance, real estate and business services increased at a rate of 1,9% in the third quarter, contributing 0,5 of a percentage point to GDP growth. Increased economic activity was reported for financial intermediation, insurance and pension funding, auxiliary activities, real estate activities and other business services.
The transport, storage and communication industry increased by 3,7%, contributing 0,3 of a percentage point. Increased economic activities were reported for land transport, transport support services and communication services.
The manufacturing industry increased by 1,5% in the third quarter, contributing 0,2 of a percentage point to GDP growth. Seven of the ten manufacturing divisions reported positive
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