Key findings: P0441 - Gross Domestic Product (GDP), 2nd Quarter 2011

The GDP figure for the (2nd quarter 2011  1,3% q/q )

Real gross domestic product (GDP) at market prices increased by 1,3 per cent during the second quarter of 2011

The seasonally adjusted real GDP at market prices for the second quarter of 2011 increased by an annualised rate of 1,3 per cent compared with an increase of 4,5 per cent (revised from an increase of 4,8 per cent) during the first quarter of 2011.

The contributors to the increase in economic activity for the second quarter of 2011 were the general government services (0,8 of a percentage point), finance, real estate and business services (0,6 of a percentage point), the wholesale, retail and motor trade; catering and accommodation industry (0,5 of a percentage point) and the transport, storage and communication industry (0,4 of a percentage point).

Negative contributions by other industries included the manufacturing industry (-1,1 percentage points), the mining and quarrying industry and the agriculture, forestry and fishing industry (each contributing -0,2 of a percentage point).The construction industry contributed (0,0 of a percentage point) for seven consecutive quarters.

The seasonally adjusted real annualised value added by primary and secondary sectors, each recorded decreases of 5,2 per cent and the tertiary sector recorded an increase of 4,0 per cent, during the second quarter of 2011.

The unadjusted real GDP at market prices for the second quarter of 2011 increased by 3,0 per cent compared with the second quarter of 2010. The estimates of GDP for the first six months of 2011 compared with the corresponding period in 2010 increased by 3,3 per cent.

The GDP estimates are preliminary, and may routinely be revised on the basis of additional evidence that has become available by the time the subsequent quarters estimates are released.

Statement issued by StatsSA, August 30 2011

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