{"id":32203,"date":"2023-08-19T16:43:14","date_gmt":"2023-08-19T16:43:14","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=32203"},"modified":"2023-08-19T14:58:38","modified_gmt":"2023-08-19T14:58:38","slug":"coal-production-boosts-mining-subsector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector","title":{"rendered":"COAL PRODUCTION BOOSTS MINING SUBSECTOR"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>The mining and quarrying subsector grew by 14.4 per cent which is largely attributable to a 19.8 per cent increase in coal production in the first quarter of 2023.<\/b><\/p>\n

Meanwhile economic activity, as measured by the quarterly Gross Domestic Product, grew by a slower 1.1 per cent year-on-year in the first quarter of this year.<\/p>\n

This is according to the Central Bank of Eswatini in the Recent Economic Developments report issued on Tuesday for the months of June and July.<\/p>\n

The report further indicates that the slow economic growth from the first quarter went down from a revised growth of 6.7 per cent in the fourth quarter of 2022.<\/p>\n

The report states that the slight growth observed in the quarter under review was attributed to positive performance in the primary and tertiary sectors.<\/p>\n

\u201cOn a quarter-on-quarter basis, economic activity grew by 2.5 per cent (seasonally adjusted) in the quarter under review, from a revised contraction of 0.3 per cent in the previous quarter,\u201d reads the report.<\/p>\n

It further indicates that the primary sector grew by a slower 3.4 per cent, year-on-year in the first quarter of 2023, from a revised growth of 5.0 per cent in the fourth quarter of 2022.<\/p>\n

\u201cPositive performance was mainly observed in the \u2018growing of crops\u2019, \u2018animal production\u2019and \u2018mining and quarrying\u2019 subsectors,\u201d reads the report.<\/p>\n

It goes in to say the \u2018growing of crops\u2019 subsector grew by 9.3 per cent in the quarter under review, rebounding from a decline of 0.9 per cent, mainly benefitting from developments in sugarcane production.<\/p>\n

\u201cSimilarly, the \u2018animal production\u2019 subsector grew by 2.4 per cent in the quarter under review, from 11.3 per cent in the previous quarter, owing to increases in both \u2018home and commercial\u2019 cattle slaughters.,\u201d reads the report.<\/p>\n

Furthermore it highlights that the \u2018mining and quarrying\u2019 subsector grew by 14.4 per cent largely attributable to a 19.8 per cent increase in coal production in the first quarter of 2023.<\/p>\n

\u201cThis acceleration benefitted from resumption of the mining of crown land, following temporal stoppages experienced in the previous quarter,\u201d reads another part of the report.<\/p>\n

It further signposts that the tertiary sector, accounting for approximately 61 per cent of total industries, grew by a slower 8.6 per cent year-on-year, in the first quarter of 2023, from a revised growth of 11.2 per cent in the previous quarter.<\/p>\n

\u201cThe observed growth largely benefitted from increased economic activity in the \u2018wholesale and retail\u2019, \u2018accommodation and food services\u2019, \u2018information and communication\u2019 and \u2018financial and insurance services\u2019 subsectors,\u201d reads the update.<\/p>\n

It also demonstrates that activity from the \u2018wholesale and retail trade\u2019 subsector grew by a slower 4.1 per cent in the quarter under review, from 18.3 per cent in the previous quarter.<\/p>\n

\u201cNotably, the \u2019accommodation and food services\u2019 subsector rose by 27.9 per cent in the first quarter of 2023, reflecting continued recovery of the subsector post-COVID-19,\u201d reads the report.<\/p>\n

\u201cThe increasing usage of digital platforms continues to contribute positively in the use of data services, thereby supporting strong growth in the \u2018information and communication\u2019 subsector,\u201d declaims the update.<\/p>\n

It specifies that other improvements were noted in the \u2018financial and insurance services\u2019 subsector which grew by 28.5 per cent in the quarter under review, mainly benefitting from increases in \u2018insurance and pension funding\u2019 activities.<\/p>\n

\u201cThe secondary sector remained suppressed, declining by a steeper 10.1 per cent in the first quarter of 2023, from a revised contraction of 0.4 per cent in the previous quarter,\u201d reads the update.<\/p>\n

\u201cThe persistent poor performance of the sector partially emanated from the \u2018manufacturing\u2019 subsector, which contracted by 12.1 per cent, year-on-year in the first quarter of 2023, from a revised decline of 1.4 per cent in the last quarter of 2022,\u201d he added.<\/p>\n

It then goes on to express that slower growth was noted in the \u2018manufacture of beverages\u2019, \u2018manufacture of textiles\u2019 and \u2018processing and preserving of fruits and vegetables\u2019 subsectors, all of which are export oriented.<\/p>\n

\u201cMoreover, the \u2018water and sewerage\u2019 subsector declined by 17.0 per cent in the quarter under review, from a 2.6 per cent growth in the previous quarter, owing to a slowdown in demand for treated water from domestic industries,\u201d specifies the report.<\/p>\n

It further highlights that the decrease in demand for treated water by commercial customers was driven by a reported closure of some businesses and lower consumption in January due to the festive shut down.<\/p>\n

\u201cOn the other hand, within the secondary sector, there was positive performance in the \u2018electricity supply\u2019 and \u2018construction\u2019 subsectors,\u201d states the report.<\/p>\n

It further adds that electricity generation improved by 16.1 per cent while construction activities rose by a slower 2.7 per cent yon a year-on-year basis in the quarter under review.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. The mining and quarrying subsector grew by 14.4 per cent which is largely attributable to a 19.8 per cent increase in coal production in the first quarter of 2023. Meanwhile economic activity, as measured by the quarterly Gross Domestic Product, grew by a slower 1.1 per cent year-on-year in the first quarter […]<\/p>\n","protected":false},"author":84,"featured_media":32202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,248,249],"class_list":["post-32203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nCOAL PRODUCTION BOOSTS MINING SUBSECTOR - Eswatini<\/title>\n<meta name=\"description\" content=\"The mining and quarrying subsector grew by 14.4 per cent which is largely attributable to a 19.8 per cent increase in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COAL PRODUCTION BOOSTS MINING SUBSECTOR\" \/>\n<meta property=\"og:description\" content=\"The mining and quarrying subsector grew by 14.4 per cent which is largely attributable to a 19.8 per cent increase in ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-19T16:43:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/08\/sm_1692444356.071245.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"COAL PRODUCTION BOOSTS MINING SUBSECTOR\",\"datePublished\":\"2023-08-19T16:43:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector\"},\"wordCount\":758,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/08\/sm_1692444356.071245.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/coal-production-boosts-mining-subsector\",\"name\":\"COAL PRODUCTION BOOSTS MINING SUBSECTOR - 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