(Reuters) - South Africa's jobless rate was little changed at 25.5 percent in Septermber 2006 compared with 25.6 in March last year, an official labour report showed on Thursday.
The rate slowed from 26.7 percent in September 2005, Statistics South Africa said.
Read more at Reuters Africa
Showing posts with label Stats SA. Show all posts
Showing posts with label Stats SA. Show all posts
Thursday, March 29, 2007
Wednesday, February 21, 2007
Inflation 'still in check'
The inflation rate targeted by South Africa's central bank quickened in January, official data showed on Wednesday, keeping open the possibility of another rate hike.
Statistics South Africa said the CPIX inflation rate rose by 5.3% in the year to January, slightly above forecasts of 5.2%, after 5.0% in December.
The Reserve Bank kept its key repo rate steady at 9% last week after 200 basis points worth of hikes last year, saying the inflation outlook had improved.
Read more at FIN24.co.za
Statistics South Africa said the CPIX inflation rate rose by 5.3% in the year to January, slightly above forecasts of 5.2%, after 5.0% in December.
The Reserve Bank kept its key repo rate steady at 9% last week after 200 basis points worth of hikes last year, saying the inflation outlook had improved.
Read more at FIN24.co.za
Manuel optimistic about growth
Finance minister Trevor Manuel is a whole lot more optimistic about economic growth than economists in the private sector.
He is predicting a growth rate of 4.8% in 2007 - compared with forecasts of 4.4% in the private sector.
Manuel also revealed what most economists have predicted - that gross domestic product (GDP) grew by 4.9% last year. The final figures will only be available next week, when Statistics SA releases the GDP figures for the last quarter of the year.
The Budget Review said that continued strong investment and improved net trade would support growth in 2007. As the international environment improved and the supply capacity of the economy expanded, domestic growth was expected to accelerate to 5.4% in 2009.
Read more at FIN24.co.za
He is predicting a growth rate of 4.8% in 2007 - compared with forecasts of 4.4% in the private sector.
Manuel also revealed what most economists have predicted - that gross domestic product (GDP) grew by 4.9% last year. The final figures will only be available next week, when Statistics SA releases the GDP figures for the last quarter of the year.
The Budget Review said that continued strong investment and improved net trade would support growth in 2007. As the international environment improved and the supply capacity of the economy expanded, domestic growth was expected to accelerate to 5.4% in 2009.
Read more at FIN24.co.za
Wednesday, January 24, 2007
Inflation steady at 5%
The increase in South Africa's consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank (SARB) for its inflation target, was up 5.0% year-on-year (y/y) in December, unchanged from November, Statistics South Africa (Stats SA) said on Wednesday.
Read Full Article at FIN24.co.za
Read Full Article at FIN24.co.za
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