South African economy contracts marginally in Q3
STORY: South African economy contracts marginally in Q3
SHOOTING TIME: Dec. 5, 2023
DATELINE: Dec. 7, 2023
LENGTH: 00:02:22
LOCATION: JOHANNESBURG, South Africa
CATEGORY: ECONOMY
SHOTLIST:
1. various of the conference
2. SOUNDBITE (English): RISENGA MALULEKE, Statistician General, STATS SA
STORYLINE:
After two consecutive quarters of growth, South African real gross domestic product (GDP) contracted by 0.2 percent in the third quarter (July-September) of 2023.
The contributions to the performance of the economy were evenly spread between the industries on the production side of the economy. The contributions ranged from -0.3 of a percentage point to +0.1 of a percentage point.
On the household front, strained consumers cut back on consumption expenditure for a second consecutive quarter, reducing their spending on items such as transport, recreation and housing utilities, while spending more on items such as clothing & footwear and restaurants & hotels.
SOUNDBITE (English): RISENGA MALULEKE, Statisticia
- Product Code
- ILEA002063190
- Registered date
- 2023/12/07 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
- Media size
- 1920 × 1080 pixel
- Deployment size
- 150.56(MB)*
*File size when opened in Photoshop, etc.