The South African economy expanded at a slightly faster pace in the first quarter, data from Statistics South Africa showed on Tuesday.
In real terms, gross domestic product rose 0.5 percent sequentially after a 0.4 percent increase in the fourth quarter. Meanwhile, economists had expected a slower growth of 0.3 percent.
The expenditure breakdown showed that household final consumption expenditure increased 0.1 percent, and government consumption rose 0.6 percent. Meanwhile, gross fixed capital formation declined 1.1 percent, and change in inventories contributed negatively by 0.3 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.