South Africa Industry April 2019

South Africa

South Africa: Manufacturing gains jump in April

June 12, 2019

Manufacturing output increased 4.6% year-on-year in April, up from a revised 1.3% increase in March (previously reported: +1.2% year-on-year). All told, output gains in the motor vehicle industries, as well as in the metals and machinery industries, drove the faster outturn.

Meanwhile, annual average growth in manufacturing output rose to 1.6% from 1.3% in April.

On a month-on-month basis, manufacturing output increased 2.8% in seasonally-adjusted terms (March: +0.9% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect manufacturing output to increase 0.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects manufacturing output to increase 1.5%.

Author:, Economist

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South Africa Industry Chart

South Africa Manufacturing April 2019

Note: Year-on-year changes and annual average variation of manufacturing production index in %.
Source: Statistics South Africa (Stats SA) and FocusEconomics calculations.

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