South Africa Industry July 2016

South Africa

South Africa: Growth in manufacturing slows in July

September 8, 2016

In July, manufacturing production increased just 0.4% over the same month last year, which was considerably below the revised 4.7% rise seen in the previous month (previously reported: +4.5% year-on-year) and marked the slowest pace of growth in over a year. July’s deceleration was driven by shrinking output across many categories, including food and beverages, clothing and footwear as well as iron and steel, metal products and machinery.

On a monthly basis, manufacturing output fell 1.5% in seasonally-adjusted terms in July, which contrasted the 0.7% increase observed in June. The trend pointed downwards as annual average growth in industrial production decreased from 1.2% in June to 0.8% in July.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 0.3% in 2016, which is up 0.1 percentage points from last month’s estimate. For 2017, the panel expects manufacturing to expand 1.1%.


Author:, Senior Economist

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SouthAfrica Industry July 2016

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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