Friday 14 December 2018
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portalangop - 10 days ago

South Africa s gross spending up 2.3 percent in third quarter

PRETORIA - South Africa’s real gross domestic expenditure expanded by 2.3 percent in the third quarter of 2018 after contracting by 0.7 percent in the second quarter, the statistics agency said on Tuesday. , Household expenditure increased by 1.6 percent in the third three months of the year after contracting by 1.1 percent in the previous three months. Government expenditure was up 2.2 percent after growing by 0.8 percent in the previous quarter. Gross fixed capital formation contracted by 5.1 percent from a 0.7 percent contraction previously.Reuters ,

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