South Africa: Manufacturing output contracts in June
August 10, 2017
In June, manufacturing output dropped 2.3% compared to the same month last year. The result marked a further decline following the 0.9% drop reported in May. June’s decline was the result of decreased output of petroleum, chemical products, rubber and plastic products.
On a month-on-month basis, manufacturing production came in flat in June as opposed to the seasonally-adjusted 0.3% drop recorded in May.
Author: Lindsey Ice, Economist