South Africa Industry July 2019

South Africa

South Africa: Contraction of manufacturing production eases in July

September 10, 2019

The contraction of the manufacturing sector eased in July. In annual terms, manufacturing output fell 1.1%, following a revised 3.6% drop in June (previously reported: -3.2% year-on-year). Petroleum, chemical products, rubber and plastic products led the downturn, contracting more sharply than in the previous month, while a marked acceleration in the production of food and beverages stemmed the rate of overall decline.

Meanwhile, annual average growth in manufacturing output slid to 0.7% in July from 1.0% in June.

On a month-on-month basis, manufacturing output rose 0.4% in seasonally-adjusted terms (June: -1.9% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect manufacturing output to expand 1.0% in 2019, which is up 0.3 percentage points from last month’s estimate. For 2020, the panel expects manufacturing output to expand 1.6%.

Author:, Economist

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South Africa Manufacturing July 2019

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

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