Industry in South Africa
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
|Industrial Production (annual variation in %)||0.1||0.0||0.7||-0.5||-|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Industry Chart
Source: Statistics South Africa.
South Africa Facts
|Bond Yield||8.26||0.29 %||Dec 31|
|Exchange Rate||13.98||-0.21 %||Dec 31|
|Stock Market||0.1||-0.44 %||Jan 06|
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