South Africa Industry

South Africa

South Africa: Manufacturing contracts less in May

July 10, 2015

In May, manufacturing production fell 0.4% over the same month last year, which was above the 2.0% decrease seen in the previous month. May’s decrease was mainly driven by contracting output in textiles as well as in food and beverages.

On a monthly basis, manufacturing output fell 1.4% in seasonally-adjusted terms, which followed the 2.1% decrease tallied in April. In addition, annual average growth in industrial production rose from a 0.3% drop in April to a 0.1% decrease in May, which marked a five-month high.

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 May 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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