Key findings: P0044 - Quarterly financial statistics (QFS), September 2024

The total turnover of quarterly financial statistics (QFS) industries1 in the third quarter of 2024 was estimated at R3 454 202 million (R3,45 trillion), an increase of 1,0% compared with the second quarter of 2024 (R3 418 779 million or R3,42 trillion).
Between the second and third quarters of 2024, turnover increased in seven industries covered by the survey. The largest percentage increase in turnover was recorded in electricity, gas and water supply (+11,7%), followed by construction (+5,0%), real estate and other business services (excluding financial intermediation and insurance) (+4,4%), transport, storage and communication (+3,1%), community, social and personal services (excluding government and educational institutions) (+2,0%), trade (+0,6%) and manufacturing (+0,1%). A decrease was recorded in mining and quarrying (-5,7%).
Total closing inventories at the end of the third quarter of 2024 were estimated at R1 499 129 million, a decrease of 0,7% compared with R1 509 545 million at the end of the second quarter of 2024. Decreases were recorded in electricity, gas and water supply (-10,6%), transport, storage and communication (-3,4%), manufacturing (-1,3%) and community, social and personal services (excluding government and educational institutions) (-0,3%). Increases were recorded in construction (+1,9%), real estate and other business services (excluding financial intermediation and insurance) (+1,0%), mining and quarrying (+0,7%) and trade (+0,3%).
Turnover was estimated at R3 454 202 million in the third quarter of 2024, an increase of 1,5% compared with R3 403 292 million in the third quarter of 2023. Six of the eight industries covered by the survey reflected annual increases. The largest percentage increase in turnover was recorded in community, social and personal services (excluding government and educational institutions) (+13,2%), followed by construction (+10,8%), real estate and other business services (excluding financial intermediation and insurance) (+7,2%), transport, storage and communication (+5,7%), electricity, gas and water supply (+4,3%) and manufacturing (+1,0%). Decreases were recorded in trade (-1,8%) and mining and quarrying (-0,5%).