Industry in South Africa
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
|Industrial Production (annual variation in %)||1.3||0.1||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||8.32||0.29 %||Jul 31|
|Exchange Rate||14.17||-0.21 %||Jul 31|
|Stock Market||0.1||-0.44 %||Jul 31|
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August 21, 2019
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