GDP contracts by 3.2% in first quarter

South Africa’s gross domestic product contracted by 3.2% in the first quarter, Statistics South Africa revealed at a press briefing on Tuesday, in Pretoria. The manufacturing and the mining and quarrying industries were the biggest negative contributors to GDP. The manufacturing industry decreased by 8.8% and contributed -1.1 percentage points to GDP growth. Meanwhile, expenditure on real GDP fell by 3.4% in the period, Stats SA reported.