South Africa: Manufacturing output rebounds in August
October 10, 2017
According to a preliminary estimate released by the Statistical Institute, year-on-year manufacturing production rose 1.5% in August, contrasting the 1.1% drop in July. The upswing reflects a broad-based increase in key components of the index, with motor vehicles, parts and accessories, and other transport equipment recording the strongest increases. August’s print marks the best reading since November 2016.
In month-on-month terms, manufacturing production moderated from a seasonally-adjusted 1.5% expansion in July to a softer 0.3% increase in August.