South Africa Industry

South Africa

South Africa: Manufacturing contracts in August

October 8, 2015

In August, manufacturing production dropped 0.2% over the same month last year, which contrasted the 5.3% increase seen in the previous month. August’s decrease was mainly driven by contracting output in textiles, clothing, leather and footwear.

On a monthly basis, manufacturing output rose 0.4% in seasonally-adjusted terms, which followed the 0.1% increase observed in July. Moreover, annual average growth in industrial production improved from a 0.7% increase in July to a 0.9% rise in August, which marked the highest reading since June 2014.

FocusEconomics Consensus Forecasts panelists expect manufacturing to contract 0.4% in 2015, which is up 0.4 percentage points from last month’s estimate. For 2016, the panel expects manufacturing to expand 2.9%.

Author:, Senior Economist

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South Africa Industry Chart

SouthAfrica Industry August 2015

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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