South Africa Industry August 2017

South Africa

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.

FocusEconomics Consensus Forecasts panelists expect manufacturing to rise 1.0% in 2018, which is unchanged from last month’s estimate. For 2019, the panel expect manufacturing to expand 1.2%.

Author: Jean-Philippe Pourcelot, Economist

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South Africa Industry Chart

South Africa Industry August 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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