Tuesday, August 28, 2007

South Africa's Q2 GDP growth slows to 4.5 pct annual rate from 4.7 pct in Q1

Aug 28, 2007 - South Africa's GDP growth slowed in the second quarter of the year to a year-on-year rate of 4.5 pct from 4.7 pct in the previous three months.

In the second quarter the biggest contribution to GDP came from the finance, real estate and business services sector, which rose by 1.5 percentage points.

GDP for the first six months of 2007 rose by 5.2 pct compared with the corresponding period in 2006.

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