Industry in South Africa
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 |
South Africa Industry Chart
Source: Statistics South Africa.
South Africa Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 9.02 | 0.29 % | Aug 15 |
| Exchange Rate | 14.65 | -0.21 % | Aug 15 |
| Stock Market | 0.8 | -0.44 % | Aug 09 |
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Economic News
South Africa: Manufacturing output slows in June
August 10, 2018
A preliminary estimate showed that the manufacturing sector lost steam in June.
South Africa: Manufacturing output accelerates in May
July 13, 2018
A preliminary estimate showed that manufacturing output continued to rebound in May.
South Africa: Economy-wide PMI climbs in June
July 4, 2018
In June, the Standard Bank Purchasing Managers’ Index (PMI) climbed 0.9 points to 50.9 points, squeaking by the survey’s long-run average.
South Africa: Inflation eases in May
June 20, 2018
Consumer prices rose 0.2% in May from a month earlier, easing from April’s 0.8% jump.
South Africa: Emerging-market selloff pushes rand to six-month low in June
June 18, 2018
Since the outset of the year, the South African rand has taken some major hits as the emerging-market selloff continues battering the world’s currencies.
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