Industry in South Africa

South Africa Industry | Economic News & Forecasts

South Africa - Industry

Manufacturing rebounds in October

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%.

South Africa - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.3  0.1  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

Bond Yield9.160.29 %Dec 11
Exchange Rate14.35-0.21 %Dec 11
Stock Market0.7-0.44 %Nov 27

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