Industry in South Africa
South Africa - Industry
Manufacturing output contracts for the first time in nine months
The manufacturing sector shrank in June for the first time since September 2018. Manufacturing output, in annual terms, fell 3.2% following a revised 0.4% expansion in May (previously reported: +1.0% year-on-year). A sizeable contraction in petroleum, chemical products, rubber and plastic products led the downturn. Production of basic iron and steel, non-ferrous metal products, metal products and machinery; and wood and wood products, paper, publishing and printing also fell markedly.
Meanwhile, annual average growth in manufacturing output fell to 1.0% in June from 1.3% in May.
On a month-on-month basis, manufacturing output declined 1.5% in seasonally-adjusted terms (May: -1.9% month-on-month s.a.).
FocusEconomics Consensus Forecast panelists expect manufacturing output to expand 0.7% in 2019, which is up 0.2 percentage points from last month’s estimate. For 2020, the panel expects manufacturing output to expand 1.5%.
South Africa - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.3 | 0.1 | 0.0 | 0.7 | -0.5 |
South Africa Industry Chart
Source: Statistics South Africa.
South Africa Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.32 | 0.29 % | Jul 31 |
| Exchange Rate | 14.17 | -0.21 % | Jul 31 |
| Stock Market | 0.1 | -0.44 % | Jul 31 |
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Economic News
South Africa: Inflation slides to six-month low in July
August 21, 2019
Consumer prices rose 0.4% over the previous month in July, matching June’s month-on-month upturn.
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On 16 August, the rand traded at 15.23 per USD, a 8.7% depreciation from the same day in July.
South Africa: Manufacturing output contracts for the first time in nine months
August 8, 2019
The manufacturing sector shrank in June for the first time since September 2018.
South Africa: Business conditions deteriorate more rapidly in July
August 5, 2019
In July, the IHS Markit Purchasing Managers’ Index (PMI) slid to 48.4 in July from 49.7 in June.
South Africa: Inflation remains stable at SARB’s midpoint target in June
July 24, 2019
Consumer prices rose 0.4% over the previous month in June, marginally up from a 0.3% month-on-month upturn in May.
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