South Africa Industry

South Africa

South Africa: Manufacturing contracts less in June

August 11, 2015

In June, manufacturing production fell 0.4% over the same month last year, which was above the 1.6% decrease seen in the previous month. June’s decrease was mainly driven by contracting output in textiles as well as in food and beverages.

On a monthly basis, manufacturing output rose 0.9% in seasonally-adjusted terms, which contrasted the 0.6% drop tallied in May and marked a three-month high. Annual average growth in industrial production inched down from a 0.2% drop in May to a 0.3% decrease in June.

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 June 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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