In our recent paper on macroeconomic data revisions in South Africa, we show that while both household consumption and investment have experienced larger revisions that total GDP, it is notable that fixed capital formation has been revised substantially more than overall GDP. In both cases, average revisions have been negative. Retail and wholesale trade revisions have been smaller than GDP revisions, while passenger journeys and transport volumes have been higher. SARB business cycle indicators have experienced the largest revisions of the series considered. Read the paper for more.
