Economic data gives some reason for Christmas cheer

There is more good than bad as the festive season moved into full swing. (Lisa SKinner, M&G)

There is more good than bad as the festive season moved into full swing. (Lisa SKinner, M&G)

There is more good than bad as the festive season moved into full swing.

Although mining production decreased by 7.7% year on year in October 2012 and retail sales displayed only 1% growth during the same period, data showed employment figures were 1% higher than they were during the same period last year. Manufacturing production also increased by 2.5% between October 2011 and October 2012.

Quarterly financial statistics showed the total turnover of all industries for the third quarter of 2012 increased by 3.6% to an estimated R1.6-trillion. The annual inflation rate remained steady at 5.6% in November as, on average, prices increased by 0.2% between October and November this year.

 
Lisa Steyn

Lisa Steyn

Lisa Steyn is a business reporter at the Mail & Guardian. She holds a master's degree in journalism and media studies from Wits University. Her areas of interest range from energy and mining to financial services and telecommunication. When she is not poring over annual reports, Lisa can usually be found pottering about the kitchen. Read more from Lisa Steyn

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