KZN Provincial Treasury - Economic statistics and information for KZN:Consumer Price Index Stats for KZN RSS KZN Provincial Treasury - Economic statistics and information for KZN2014-12-10 Some more updated Economic statistics and information for KZN.
KwaZulu-Natal shows fragility of South African economy KwaZulu-Natal's economy is showing the fragility of the South Africa’s general economy, where the rand is weak and inflation close to the upper end of the Reserve Bank's 3% to 6% target range. The latest KwaZulu-Natal barometer, as compiled by Mike Schüssler of Economists.co.za, declined 3.3% year-on-year, the biggest drop in more than a year, as economic stress increased sharply. While the barometer grew 0.6% on a month before, it was down 0.8% quarter-on-quarter. Stress index surging There is definitely some growth in the KwaZulu-Natal economy, as seen in the growth index which was up 4.1% and also increased on a month-on-month and quarter-on-quarter basis. However, the provincial stress index, which measures the effect of indicators like interest rates, inflation and unemployment on the economy, surged by 7.6% year-on-year. This was despite a 30.9% drop in civil debt cases, which usually means less stress for consumers. The increase in the index was driven by interest rates that are 75 basis points higher than a year ago, KwaZulu-Natal's 6.2% inflation, which is higher than the national rate of 5.9%, and a sharp increase in unemployment to 24.1% this October compared with 20.4% a year ago. Click below link to download KZN Business Barometer article October 2014: KwaZulu-Natal Business Barometer Oct 14.docx - 0.3 Mb Click below link to download KZN Economic data: KZN Economic Data.xlsx - 1.2 Mb Click below link to download Comparison between Stats SA and KZN Treasury KZN GDP Estimates: KZN GDP Estimates.xlsx - 0.1 Mb Click below link to download Consumer Price Index Stats: KZN Regional CPI.xlsx - 0 Mb
Dr Clive Coetzee
General Manager: Infrastructure Management and Economic Services
KZN Provincial Treasury
Economist (PhD UKZN)
033 897 4538 |
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