The Statistician General, Pali Lehohla, will release the results of the Gross Domestic Product (GDP), 2nd Quarter 2014. The Gross Domestic Product (GDP) which is the total value of goods and services that are produced in an economy in a certain time period is released by Stats SA every quarter.
The second quarter GDP figures will follow a negative growth in the first quarter of 2014, in which the real gross domestic product at market prices decreased by 0,6 per cent quarter-on-quarter, seasonally adjusted and annualised. A recession is marked by two consecutive quarters of negative growth in the economy.
The largest contributors to the quarter-on-quarter decrease of 0,6 per cent in the previous quarter (GDP Q1, 2014) were the mining and quarrying industry as well as the manufacturing industry
Details:
Date: Tuesday, 26 August 2014
Time: 11h00 Embargo 11h30
Venue: GCIS, 1035 Tshedimosetso House, c/o Frances Baard Street and Festival Street, Hatfield, Pretoria
NB: There will be a video link to Imbizo Media Centre, 120 Plein street, Parliament, Cape Town.
RSVP:
Felicia Sithole
Cell: 076 430 0693
E-mail: felicias@statssa.gov.za
Media enquiries:
Lesedi Dibakwane
Tel: 012 310 8578
Cell: 082 805 7088
E-mail: lesedid@statssa.gov.za
