Domestic expenditure rises to 8.3%

Pretoria – Real gross domestic expenditure accelerated to 8.3 percent in the first quarter of 2011, says the South African Reserve Bank.

“Growth in real gross domestic expenditure accelerated significantly from an annualised rate of 2.4 percent in the fourth quarter of 2010 to 8.3 per cent in the first quarter of 2011. This acceleration followed a further expansion in all the components of domestic demand,” said the Reserve Bank in the June Quarterly Bulletin. [Read more…]