South Africa Industry March 2019

South Africa

South Africa: Manufacturing gains pick up in March

May 10, 2019

Manufacturing output increased 1.2% year-on-year in March, up from a revised 0.5% increase in February (previously reported: +0.6% year-on-year). All told, output gains in the petroleum and chemicals industries; and the metals and machinery industries drove the faster outturn. South Africa’s motor vehicle industries, on the other hand, recorded output losses.

On a month-on-month basis, manufacturing output rose 0.8% in seasonally-adjusted terms (February: -2.0% month-on-month s.a.)..

FocusEconomics Consensus Forecast panelists expect manufacturing output to increase 1.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects manufacturing output to increase 1.9%.


Author:, Economist

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