empty
 
 

08.09.202609:14:46UTC+00South Africa Economy Contracts More than Expected

South Africa’s economy contracted by 0.2% quarter-on-quarter in Q2 2026, following a downwardly revised 0.4% expansion in Q1 and exceeding market expectations of a 0.1% decline. This was the first quarterly downturn since Q3 2024, ending the country’s longest growth streak in nearly a decade, as the economy felt the impact of the conflict in the Middle East.

Out of ten major industries, three recorded contractions. Output in the trade, catering and accommodation sector declined by 1.9%, while energy-intensive manufacturing and mining fell by 1.8% and 3.0%, respectively. Agriculture offered a modest offset, expanding by 0.3% on the back of stronger activity in horticulture and field crops.

On an annual basis, GDP increased by 0.9% in Q2, a marked slowdown from the 1.9% growth recorded in Q1 and slightly below the 1.0% expansion anticipated by markets.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback