Industry in South Africa

South Africa Industry | Economic News & Forecasts

South Africa - Industry

Manufacturing production contracts more sharply in September

Manufacturing output fell 2.4% year-on-year in September following a revised 1.5% drop in August (previously reported: -1.8% year-on-year). The sharper downturn reflected a broad-based deterioration led by the production of basic iron and steel, non-ferrous metal products, metal products and machinery, and followed by wood and wood products, paper, publishing and printing. The declines more than offset an expansion in the production of food and beverages—the only category that logged growth.

Meanwhile, annual average growth in manufacturing output edged down to 0.3% in September from 0.5% in August.

On a month-on-month basis, manufacturing output fell 2.4% in seasonally-adjusted terms in September, contrasting a 1.3% expansion in the previous month.

FocusEconomics Consensus Forecast panelists expect manufacturing output to expand 0.9% in 2020, which is unchanged from last month’s estimate. For 2021, the panel expects manufacturing output to expand 1.4%.

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 Yield8.100.29 %Sep 04
Exchange Rate14.81-0.21 %Sep 04
Stock Market0.1-0.44 %Sep 04

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