South Africa Industrial production June 2020

South Africa

South Africa: Manufacturing production declines at softer rate in June

August 11, 2020

Manufacturing output dropped 16.3% compared to the same month a year earlier in June, which was above May's 32.4% decrease. Looking at the details of the release, food and beverages output fell at a more moderate pace in June, as did petroleum, chemical products, rubber and plastic products output. Moreover, the manufacture of motor vehicles, parts and accessories, and other transport equipment declined at a slower rate compared to the previous month.

On a seasonally-adjusted monthly basis, manufacturing output rose at a more moderate pace of 16.8% in June (May: +30.4% mom). Meanwhile, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 10.1%, down from May's minus 9.1%.

FocusEconomics Consensus Forecast panelists project manufacturing output to contract 12.2% in 2020, which is unchanged from last month’s estimate. For 2021, the panel forecasts manufacturing output to expand 3.2%.


Author:, Economist

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South Africa Industrial production Chart


South Africa Manufacturing June 20 20

Note: Year-on-year changes and annual average growth of manufacturing production index in %.
Source: Statistics South Africa (Stats SA) and FocusEconomics calculations


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