The South African commercial aviation sector “is alive and well and outperforming most other sectors of the economy by a considerable margin” reported the Commercial Aviation Association of Southern Africa (Caasa) in a statement released on Tuesday. The release marked the publication of the ‘Caasa Aviation Activity Index (CAAI): 3rd Quarter 2016’. There was, however, a “modest decline” in comparison to the second quarter. The CAAI is a composite index and, using a three-month moving average, since the first quarter of 2014, the CAAI has risen by more than 47%, giving an average annual growth rate of 16.8%. In comparison, the average annual growth rate of the country’s gross domestic product (weighted in accordance with the quantity/nominal value ratio used by the Index) was only 4.6%.
Source: www.engineeringnews.co.za
Latest Aviation Index for South Africa shows sector outperforming rest of economy
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