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Africa, News

South Africa’s Q3 expenditure on GDP down 0.3%

PRETORIA, Dec 3 (Reuters) – South Africa’s expenditure on gross domestic product (GDP) shrank 0.3% in the third quarter after expanding 2.9% in the second three months of the year, the statistics agency said on Tuesday.

Household expenditure increased 0.2% in the third quarter after growing 2.6% in the previous three months. Government expenditure was also up, by 1.3%, while gross fixed capital formation expanded by 4.5%. (Reporting by Mfuneko Toyana; Editing by Alison Williams)

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