Imports in South Africa

South Africa Imports (%) | Economic News & Forecasts

South Africa - Imports (percent change)

The economy contracted in the third quarter after dodging technical recession in the second quarter. Notably, the downturn was prompted by the utilities sector swinging to contraction as a series of breakdowns in Eskom’s coal power plants triggered the return of rolling blackouts in the quarter. On the expenditure-side, a winding down of inventories amid downbeat demand weighed heavily on economic activity, with muted household spending also taking its toll. Conversely, the external sector strengethened in Q3 thanks to a rebound in exports and a marked fall in imports. Turning to the fourth quarter, the economy likely remained in the doldrums as the rolling blackouts reached an unprecedented level in December after more than a quarter of the country’s generating capacity broke down. Large platinum and gold miners were forced to halt operation on 9 December as a result, which will hamper year-end economic activity.

South Africa - Imports (%) Data

2013   2014   2015   2016   2017  
Imports (annual variation in %)-3.8  1.3  -12.0  -16.3  12.6  

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South Africa Facts

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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