(From 12 December 2011)
Spending grew significantly faster than output in the third quarter. The growth in spending by households picked up only marginally, to a 3.7% annual rate in the quarter, with household spending on durable goods growing at a highly robust 17.9% annual rate, while spending on non-durables hardly advanced at all and spending on services supplied to households grew at a pedestrian pace of 2.5%.
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The SA economy – Now to sort out the supply side