South Africa Industry November 2019

South Africa

South Africa: Manufacturing production contracts in November

January 8, 2020

Manufacturing output plummeted 3.6% in November, following October’s 0.8% drop. The sharper contraction reflected a marked fall in output of paper and paper products, as well as in production of petroleum, chemical products, rubber and plastic products.

Meanwhile, annual average growth in manufacturing output logged minus 0.4% in November, down from October’s flat print and marking the worst print since December 2017.

On a month-on-month basis, manufacturing output contracted 1.5% in seasonally-adjusted terms in November, contrasting a 2.5% increase in the previous month.

FocusEconomics Consensus Forecast panelists expect manufacturing output to expand 0.7% in 2020, which is unchanged from last month’s estimate. For 2021, the panel expects manufacturing output to expand 1.5%.

Author:, Economist

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South Africa Industry Chart

South Africa Manufacturing November 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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