Industry in South Africa

South Africa Industry | Economic News & Forecasts

South Africa - Industry

Manufacturing output slows in June

A preliminary estimate showed that the manufacturing sector lost steam in June. According to Statistics South Africa, manufacturing output grew 0.7% over the same month last year, below May’s revised 2.0% expansion (previously reported: +2.3% year-on-year). June’s print chiefly reflected slower growth in food and beverages industries, along with petrochemical industries.

In month-on-month terms, manufacturing output rose by a seasonally-adjusted 0.3%, notably below May’s 1.3% increase. Meanwhile, annual average growth in manufacturing output ticked up to 0.7% from 0.5% in June.

South Africa Manufacturing Output Forecast

FocusEconomics Consensus Forecast panelists expect manufacturing output to rise 1.0% in 2018, which is up 0.1 percentage points from last month’s estimate. For 2019, the panel expects manufacturing output to expand 1.3%.

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 Yield9.020.29 %Aug 15
Exchange Rate14.65-0.21 %Aug 15
Stock Market0.8-0.44 %Aug 09

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