South Africa Industry October 2018

South Africa

South Africa: Manufacturing rebounds in October

December 11, 2018

A preliminary estimate showed the manufacturing sector rebounding in October. According to Statistics South Africa, manufacturing output grew 3.0% over the same month last year, contrasting September’s revised 0.1% fall (previously reported: +0.1% year-on-year). October’s print reflected gains in the food and beverage, textile and lumber industries. For their part, the automotive industries posted double-digit annual gains in the month.

In month-on-month terms, manufacturing output rose a seasonally-adjusted 1.1% (September: -0.8% month-on-month s.a.). Meanwhile, annual average growth in manufacturing output ticked up from 1.2% in September to 1.3%.

FocusEconomics Consensus Forecast panelists expect manufacturing output to rise 1.5% in 2019, which is up 0.3 percentage points from last month’s forecast. For 2020, the panel expects manufacturing output to expand 2.2%.


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South Africa Industry Chart

South Africa Manufacturing October 2018

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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