Industry in South Africa

South Africa Industry | Economic News & Forecasts

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  

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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 Yield8.320.29 %Jul 31
Exchange Rate14.17-0.21 %Jul 31
Stock Market0.1-0.44 %Jul 31

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