South Africa Industry November 2017

South Africa

South Africa: Manufacturing output expands at a slower pace in November

January 11, 2018

According to a preliminary estimate released by the Statistical Institute on 11 January, year-on-year manufacturing production expanded 1.7% in November, coming in below the 2.3% increase in October. The print reflected an increase in the production of food and beverage, which more than offset declines in output of textiles, clothing, and footwear and communication equipment.

In month-on-month terms, manufacturing production picked up marginally from a 0.8% increase in October to a 0.9% rise in November. Lastly, annual average industrial production was minus 0.8% in November, matching October’s print.

FocusEconomics Consensus Forecasts panelists expect manufacturing to rise 1.0% in 2018, which is up 0.1 percentage points from last month’s estimate. For 2019, the panel expects manufacturing to expand 1.3%.

Author: Jean-Philippe Pourcelot, Economist

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South Africa Industry Chart

South Africa Industry November 2017

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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