South Africa Industry November 2015

South Africa

South Africa: Manufacturing in November contracts again

January 19, 2016

In November, manufacturing production dropped 1.0% over the same month of the previous year, which followed the 2.2% decrease seen in the previous month. November’s decrease was mainly driven by contracting output in textiles, clothing, leather and footwear.

On a monthly basis, manufacturing output fell 1.2% in seasonally-adjusted terms, which was up from the 1.8% drop observed in October. Moreover, annual average growth in industrial production increased from a flat reading in October to a 0.1% increase in November. October’s figure had marked a four-month low.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 1.5% in 2016, which is unchanged from last month’s estimate. For 2017, the panel expects manufacturing to expand 1.6%.

Author:, Senior Economist

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South Africa Industry Chart

SouthAfrica Industry November 2015 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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