SayPro Economic Data

SayPro Updated data on key economic indicators such as GDP growth, inflation rates, interest rates, and industry performance metrics.

SayPro Gross Domestic Product (GDP):

• In the first quarter of 2024, South Africa’s GDP contracted by 0.1% quarter-on-quarter. This decline was primarily due to decreases in the manufacturing (-1.4%), mining (-2.3%), and construction (-3.1%) sectors. ​Trading Economics+1South African Government+1

Inflation Rate:

• The annual inflation rate was 3.2% in January 2025. The next inflation update is scheduled for April 23, 2025. ​ReutersSouth African Reserve Bank

Interest Rates:

• As of March 20, 2025, the South African Reserve Bank maintained the repurchase (repo) rate at 7.5%. ​WSJ+1South African Reserve Bank+1

Industry Performance Metrics:

• In March 2025, the S&P Global South Africa Purchasing Managers’ Index (PMI) declined to 48.3 from 49.0 in February, indicating a contraction in private sector activity for the fourth consecutive month. This decline is attributed to reduced output and new order volumes, influenced by economic and political uncertainty, as well as weakened consumer spending. ​Reuters