Industry in South Africa

South Africa Industry | Economic News & Forecasts

South Africa - Industry

Manufacturing production declines for the eighth month running in January

On an annual basis, manufacturing output fell 2.0% in January, after a 5.9% drop in December which had marked the worst result since August 2014. The milder contraction reflected softer declines in output of food and beverages; glass and non-metallic mineral products; and production of petroleum, chemical, rubber and plastic products; and of motor vehicles, parts and accessories and other transport equipment.

Meanwhile, annual average variation in manufacturing output logged minus 1.1% in January, down from December’s minus 0.8%.

On a month-on-month basis, manufacturing output rose 2.5% in January, contrasting a 3.0% fall in the previous month.

FocusEconomics Consensus Forecast panelists expect manufacturing output to expand 0.5% in 2020, which is unchanged from last month’s estimate. For 2021, the panel expects manufacturing output to expand 1.8%.

South Africa - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)0.0  0.7  -0.5  -     -     

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South Africa Industry Chart

South Africa Industry
Note: Annual variation of manufacturing output in %.
Source: Statistics South Africa.

South Africa Facts

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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