Agbiz: SA agricultural economy showing robust growth

The second quarter agricultural GDP figures confirm that the sector is eventually out of the woods. Data released this morning showed that the sector grew by 33.6% q/q in the second quarter of 2017, which is significantly higher than the 22.2% q/q recorded in the first quarter of this year – Wandile Sihlobo, Agbiz Economist

The second quarter agricultural GDP figures confirm that the sector is eventually out of the woods. Data released this morning showed that the sector grew by 33.6% q/q in the second quarter of 2017, which is significantly higher than the 22.2% q/q recorded in the first quarter of this year [1]. This in line with the sentiment shared in the previous quarter that this positive growth path will continue throughout the year – sustained by robust agricultural output in the summer crops producing areas. Overall, we expect this positive growth path to be sustained throughout the year, but at a relatively lesser degree than what we observed in the first two-quarters of the year.

Read full article here.