South Africa Industry May 2019

South Africa

South Africa: Manufacturing output loses steam in May

July 11, 2019

The manufacturing sector decelerated in May, with the annual growth of production slowing to 1.0% from a revised 4.3% expansion in April (previously reported: +4.6% year-on-year). The slowdown was underpinned by a swing to contraction in wood and wood products, paper, publishing and printing; metals, machinery and motor vehicles industries.

Meanwhile, annual average growth in manufacturing output inched down to 1.4% from 1.5% in May.

On a month-on-month basis, manufacturing output fell 1.5% in seasonally-adjusted terms (April: +2.5% month-on-month s.a.).

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

Author:, Economist

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South Africa Industry Chart

South Africa Manufacturing May 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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