South Africa Industry

South Africa

South Africa: Manufacturing swings to contraction in April

June 11, 2015

In April, manufacturing production fell 2.0% over the same month last year, which contrasted the 4.0% increase seen in the previous month and marked a three-month low. April’s decrease was mainly driven by contracting output in textiles as well as in food and beverages.

On a monthly basis, manufacturing output fell 2.0% in seasonally-adjusted terms, which contrasted the 1.2% increase tallied in March. In addition, annual average growth in industrial production fell from a 0.2% drop in March to a 0.3% decrease in April.

FocusEconomics Consensus Forecasts panelists expect manufacturing to contract 0.4% in 2015, which is up 0.4 percentage points from last month’s estimate. For 2016, the panel expects manufacturing to expand 2.9%.

Author:, Senior Economist

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South Africa Industry Chart

SouthAfrica Industry April 2015

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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