South Africa Industry December 2017

South Africa

South Africa: Growth in manufacturing output quickens in December

February 9, 2018

According to a preliminary estimate released by the Statistical Institute on 8 February, year-on-year manufacturing production expanded 2.0% in December, coming in above the revised 1.5% increase in November (previously reported: +1.7% year-on-year). The print reflected expansions in key components of the index including in the production of petroleum, chemical products, rubber and plastic products; and basic iron and steel, non-ferrous metal products, metal products and machinery.

In month-on-month terms, manufacturing production expanded 1.1% in December, matching the print observed in November. Lastly, annual average industrial production was minus 0.6% in December, an improvement from November’s minus 0.9% reading.

FocusEconomics Consensus Forecasts panelists expect manufacturing to rise 1.0% in 2018, which is up 0.1 percentage points from last month’s estimate. For 2019, the panel expects manufacturing to expand 1.3%.

Author: Jean-Philippe Pourcelot, Economist

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South Africa Industry Chart

South Africa Industry December 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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