South Africa Industry April 2016

South Africa

South Africa: Manufacturing rebounds in April

June 12, 2016

In April, manufacturing production increased 2.9% over the same month last year, which contrasted the 2.4% decrease seen in the previous month and marked the fastest increase in nine months. April’s increase was mainly driven by increasing output in the textile, clothing, leather and footwear category.

On a monthly basis, manufacturing output expanded 0.8% in seasonally-adjusted terms, which contrasted the 0.6% decrease observed in March. Moreover, annual average growth in industrial production swung from minus 0.3% in March to plus 0.1% in April. The previous month’s figure had marked the lowest level since February 2015.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 1.5% in 2016, which is unchanged from last month’s estimate. For 2017, the panel expects manufacturing to expand 1.6%.

Author:, Senior Economist

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South Africa Industry Chart

SouthAfrica Industry April 2016

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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