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
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.1 | 0.0 | 0.7 | -0.5 | - |
South Africa Industry Chart
Source: Statistics South Africa.
South Africa Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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