South Africa Industry November 2018

South Africa

South Africa: Manufacturing gains ease in November

January 10, 2019

A preliminary estimate showed the manufacturing sector cooling off in November. According to Statistics South Africa, manufacturing output grew 1.6% over the same month a year earlier, down from October’s revised 2.8% rise (previously reported: +3.0% year-on-year). November’s print reflected gains in the food and beverage; and textile industries. For its part, the automobile industry notched upbeat gains.

In month-on-month terms, manufacturing output rose a seasonally-adjusted 0.7% (October: +1.1% month-on-month s.a.). Meanwhile, annual average growth in manufacturing output was stable from October at 1.3%.

FocusEconomics Consensus Forecast panelists expect manufacturing output to rise 1.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects manufacturing output to expand 2.1%.


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South Africa Industry Chart

South Africa Manufacturing November 2018 0

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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