South Africa: Manufacturing activity drops again in November
January 12, 2021
Manufacturing output slid 3.5% in year-on-year terms in November, which was a somewhat sharper drop than October’s 3.4% decrease. November's figure was partly driven by a deterioration in food and beverages output. In addition, petroleum, chemical products, rubber and plastic products production also fell heavily.
On a seasonally-adjusted monthly basis, manufacturing output fell 1.3% in November (October: +3.2% mom), the worst result since April. Meanwhile, annual average variation of manufacturing production came in at 11.5% in November, matching October's print.