South Africa: Manufacturing gains jump in April
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.).