South Africa

South Africa Industrial production December 2022

South Africa: Manufacturing activity growth eases in December

Manufacturing output increased 0.1% in month-on-month seasonally adjusted terms in December, which followed November’s 1.4% increase. Looking at the details of the release, December’s sharp slowdown was largely driven by a fall in petroleum, chemical products, rubber and plastic products output. In addition, production contracted in both the food and beverages, and basic iron and steel, non-ferrous metal products, metal products and machinery sub-sectors.

On an annual basis, manufacturing output declined 4.7% in December, which was significantly greater than November’s 1.8% fall and marking the worst result since April. Accordingly, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 0.3% in December, down from November’s flat reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest