Industry in South Africa
South Africa - Industry
Manufacturing production declines for the eighth month running in January
On an annual basis, manufacturing output fell 2.0% in January, after a 5.9% drop in December which had marked the worst result since August 2014. The milder contraction reflected softer declines in output of food and beverages; glass and non-metallic mineral products; and production of petroleum, chemical, rubber and plastic products; and of motor vehicles, parts and accessories and other transport equipment.
Meanwhile, annual average variation in manufacturing output logged minus 1.1% in January, down from December’s minus 0.8%.
On a month-on-month basis, manufacturing output rose 2.5% in January, contrasting a 3.0% fall in the previous month.
FocusEconomics Consensus Forecast panelists expect manufacturing output to expand 0.5% in 2020, which is unchanged from last month’s estimate. For 2021, the panel expects manufacturing output to expand 1.8%.
South Africa - Industry Data
|Industrial Production (annual variation in %)||0.0||0.7||-0.5||-||-|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Industry Chart
Source: Statistics South Africa.
South Africa Facts
|Bond Yield||8.26||0.29 %||Dec 31|
|Exchange Rate||13.98||-0.21 %||Dec 31|
|Stock Market||0.1||-0.44 %||Jan 06|
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March 11, 2021
Manufacturing output declined 3.4% compared to the same month a year earlier in January, which contrasted December's 1.9% increase.
March 9, 2021
Economic growth softened markedly in the final quarter of 2020, with GDP expanding 6.3% in seasonally-adjusted annualized terms (SAAR), which was down from Q3’s record bounce-back of 67.3%.
March 3, 2021
The South Africa IHS Markit Purchasing Managers’ Index (PMI) dropped to 50.2 in February from 50.8 in January.
February 24, 2021
On 24 February, the government presented the budget for FY 2021–2022—which begins on 1 April—to Parliament, sticking to its commitment to fiscal consolidation and debt stabilization.
February 17, 2021
Consumer prices rose 0.34% in January over the previous month, picking up from the 0.17% increase recorded in December and marking the sharpest increase in prices since July 2020.