This week's data shows production and consumption slowing in May

We know that economists are concerned about the growth prospects of the economy. As prices and interest rates rise, the world economy grows more slowly and in South Africa, we face infrastructure bottlenecks and load shedding challenges as well. There are predictions that the economy shrank in the second quarter, but it will still take time before data are available for June. This week, data on production in the manufacturing sector and retail sales in May were released and flagging economic activity is clear. * The Economics Minute is supported by the NWU Business School.