Industry in South Africa
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 |
South Africa Industry Chart
Source: Statistics South Africa.
South Africa Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.10 | 0.29 % | Sep 04 |
| Exchange Rate | 14.81 | -0.21 % | Sep 04 |
| Stock Market | 0.1 | -0.44 % | Sep 04 |
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South Africa: Manufacturing production contracts more sharply in September
November 7, 2019
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).
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Conditions in the manufacturing sector deteriorated in August.
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