South Africa

South Africa Industry March 2018

South Africa: Manufacturing output slumps in March

An early estimate showed manufacturing output contracting on an annual basis in March, the weakest reading in half a year just as other sectors of the economy appeared to be heading for an upturn. According to Statistics South Africa, year-on-year manufacturing output fell 1.3% in March, contrasting February’s revised 0.5% rise (previously reported: +0.6% year-on-year). March’s print reflected sharp contractions in consumer-facing sectors, including textiles and electronics, as well as weaker readings in the energy and steelmaking industries. Automotive manufacturing, on the other hand, was the rare uptick in the month.

In month-on-month terms, manufacturing output rose by a seasonally-adjusted 1.3% in March, reversing February’s 2.3% fall. Meanwhile, the annual average variation in manufacturing output ticked down from minus 0.1% to minus 0.2%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest