S. Africa’s economy grows at slower pace than forecast in Q3
by ChemOrbis Editorial Team - content@chemorbis.com
According to data released by South Africa’s official statistics office, Statistics South Africa, the country’s economy grew 0.2% following a revised growth rate of 3.5% in the second quarter, missing economists’ expectations that called for a growth rate of 0.5% on the quarter in a survey conducted by Reuters. On a yearly basis, meanwhile, South Africa’s economy expanded by 0.7%, in line with economists’ expectations.
The deceleration in economic growth was led by lower manufacturing activities which declined 3.2% in the manufacturing sector while the electricity sector and trade and accommodation also posted declines of 2.8% and 2.1%, respectively.
The deceleration in economic growth was led by lower manufacturing activities which declined 3.2% in the manufacturing sector while the electricity sector and trade and accommodation also posted declines of 2.8% and 2.1%, respectively.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs
- Egypt’s PP, PE markets rise on tightness in September
- Logistics snarls propel import PP, PE offers higher in Europe
- Import PVC prices near all-time highs in India, disparity with China/SEA grows
- PP, PE supplies rise in China; demand lags behind expectations despite peak season
- Stats: China’s July PE imports increase after 3 months of declines
- Will Asia’s PS markets follow ABS higher on cost support?
- Sept PET expectations diverge in shade of opposite factors in Europe
