SA's economy declines in first quarter

South Africa's economy has declined by 3.2% in the first quarter of the year. That's the biggest quarterly contraction in 10 years. Courtesy #DStv403

JOHANNESBURG - South Africa's economy has declined by 3.2 percent in the first quarter of the year.

That's the biggest quarterly contraction in 10 years.

StatsSA, which released the latest gross domestic product data on Tuesday, says the manufacturing industry and the mining and quarry industry were the largest negative contributors to growth in the first quarter.

READ: SA's economy grows by 1.4%

The agriculture, forestry and fishing industry contracted by 13.2 percent.

The two largest positive contributions to growth came from food and non-alcoholic beverages, and housing services.​

Source
eNCA