Industry in South Africa
South Africa - Industry
Manufacturing gains jump in April
Manufacturing output increased 4.6% year-on-year in April, up from a revised 1.3% increase in March (previously reported: +1.2% year-on-year). All told, output gains in the motor vehicle industries, as well as in the metals and machinery industries, drove the faster outturn.
Meanwhile, annual average growth in manufacturing output rose to 1.6% from 1.3% in April.
On a month-on-month basis, manufacturing output increased 2.8% in seasonally-adjusted terms (March: +0.9% month-on-month s.a.).
FocusEconomics Consensus Forecast panelists expect manufacturing output to increase 0.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects manufacturing output to increase 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 | 8.05 | 0.29 % | Jun 20 |
| Exchange Rate | 14.31 | -0.21 % | Jun 20 |
| Stock Market | 0.7 | -0.44 % | Jun 13 |
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Economic News
South Africa: Inflation lands at SARB’s midpoint target in May
June 19, 2019
Consumer prices increased 0.3% month-on-month in May, down from 0.6% in April.
South Africa: Business conditions deteriorate in May
June 12, 2019
In May, the Standard Bank Purchasing Managers’ Index (PMI) fell 1.0 point to 49.3 points.
South Africa: Manufacturing gains jump in April
June 12, 2019
Manufacturing output increased 4.6% year-on-year in April, up from a revised 1.3% increase in March (previously reported: +1.2% year-on-year).
South Africa: Load-shedding leaves South Africa’s economy reeling in Q1
June 4, 2019
South Africa’s economy slumped at the outset of the year, contracting sharply in seasonally-adjusted and annualized (saar) terms.
South Africa: SARB stays put as some policymakers mull rate cut
May 27, 2019
At its meeting ending 23 May, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) kept the repurchase rate unchanged at 6.75%.
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