South Africa Industry July 2017

South Africa

South Africa: Contraction in manufacturing output eases in July

September 7, 2017

According to a preliminary estimate released by the Statistical Institute, manufacturing production fell 1.4% in July compared to the same month of the previous year, marking a slower pace of contraction than June’s 2.3% drop. A continued fall in the output of petroleum, chemical products, rubber and plastic products spearheaded the decline, offsetting a healthy expansion in basic iron and steel, non-ferrous metal products, metal products and machinery.

In month-on-month terms, manufacturing production swung to a seasonally-adjusted 1.5% expansion in July, as from the 0.3% contraction recorded in June.

FocusEconomics Consensus Forecasts panelists expect manufacturing to decline 0.8% in 2017, which is unchanged from last month’s estimate. For 2018, the panel expect manufacturing to expand 0.8%, which is down 0.1 percentage points from last month’s forecast.

Author:, Economist

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South Africa Industry Chart

South Africa Industry July 2017

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

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