South Africa GDP shrinks 0.2% in Q2 2026 after six quarters of growth
Official statistics from South Africa show a contraction of 0.2% for the second quarter of 2026, reversing a streak of six consecutive quarterly expansions.
The Productive Internal Gross (PIB) of South Africa fell 0.2% in the second quarter of 2026 compared to the three preceding months, according to data released by Stats SA on Tuesday, August 8. This outcome ended a sequence of six straight quarterly increases. The trading sector was the primary negative driver, registering a 1.9% decline and contributing -0.2 percentage points to the overall figure. Manufacturing fell 1.8%, adding -0.2 percentage points, while mining dropped 3%, contributing -0.1 percentage points. These sector-specific contractions combined to produce the quarterly contraction. No broader economic context or external factors were provided by the source regarding this specific decline.
