South Africa Industry June 2019

South Africa

South Africa: Manufacturing output contracts for the first time in nine months

August 8, 2019

The manufacturing sector shrank in June for the first time since September 2018. Manufacturing output, in annual terms, fell 3.2% following a revised 0.4% expansion in May (previously reported: +1.0% year-on-year). A sizeable contraction in petroleum, chemical products, rubber and plastic products led the downturn. Production of basic iron and steel, non-ferrous metal products, metal products and machinery; and wood and wood products, paper, publishing and printing also fell markedly.

Meanwhile, annual average growth in manufacturing output fell to 1.0% in June from 1.3% in May.

On a month-on-month basis, manufacturing output declined 1.5% in seasonally-adjusted terms (May: -1.9% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect manufacturing output to expand 0.7% in 2019, which is up 0.2 percentage points from last month’s estimate. For 2020, the panel expects manufacturing output to expand 1.5%.

Author:, Economist

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South Africa Industry Chart

South Africa Manufacturing June 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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