The Statistician General, Pali Lehohla, will release the results of the Gross Domestic Product (GDP), 2nd Quarter 2014 on Tuesday 26 August. 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

When: Tuesday, 26 August 2014, 11:00 Embargo 11H30
Where: GCIS, Tshedimosetso House,1035 Frances Baard Street (corner Festival Street), HATFIELD, Pretoria
Time: 11H00

NB: There will be a video link to Imbizo Media Centre, 120 Plein street, Parliament , Cape Town

RSVP :
Felicia Sithole 0764300693
felicias@statssa.gov.za
 
Media Enquiries:
Ms Lesedi Dibakwane
Tel: (012) 310 8578
Cell: 082 805 7088
Email: lesedid@statssa.gov.za