Quarter three economic activity signals GDP growth
July credit and debit card transactions and vehicle sales show demand is strong
16 August 2022 - 15:48
SA’s third-quarter economic activity started off on strong footing showing that household demand as well as private-sector business conditions strengthened in July.
Absa’s economic activity tracker shows that spending data, which measures all the bank’s transactions using credit and debit cards, rose 4.3% month on month in July after rising 1.2% in June. ..
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