Industry in South Africa
South Africa - Industry
Manufacturing shows strength in July
A preliminary estimate showed that the manufacturing sector picked up steam in July. According to Statistics South Africa, manufacturing output grew 2.9% over the same month last year, way above expectations and up significantly from June’s revised 0.6% rise (previously reported: +0.7% year-on-year). July’s print reflected upbeat growth in the food and beverage industries, as well as the lumber-related industries. Meanwhile, the automotive industries also posted strong gains.
In month-on-month terms, manufacturing output rose by a seasonally-adjusted 1.6%, up considerably from June’s 0.2% increase. Meanwhile, annual average growth in manufacturing output climbed to 1.1% from 0.8% in June.
FocusEconomics Consensus Forecast panelists expect manufacturing output to rise 0.8% in 2018, which is unchanged from last month’s estimate. For 2019, the panel expects manufacturing output to expand 1.1%.
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 | 9.16 | 0.29 % | Oct 18 |
| Exchange Rate | 14.33 | -0.21 % | Oct 18 |
| Stock Market | 0.7 | -0.44 % | Oct 11 |
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Economic News
South Africa: SARB argues wait-and-see in September
September 20, 2018
At its meeting ending 20 September, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) kept the repurchase rate unchanged at 6.50%.
South Africa: Manufacturing shows strength in July
September 11, 2018
A preliminary estimate showed that the manufacturing sector picked up steam in July.
South Africa: PMI nosedives in August on economic anxieties, weak rand
September 5, 2018
In August, the Standard Bank Purchasing Managers’ Index (PMI) plummeted 2.1 points to 47.2 points, retreating further from the 50.0-point threshold that distinguishes deterioration from improvement in the South African business environment.
South Africa: Domestic demand hard hit as recession looms
September 4, 2018
South Africa’s economy entered recession in the second quarter, contracting in seasonally-adjusted annualized (SAAR) terms for a second consecutive quarter.
South Africa: Inflation hits 10-month high in July
August 22, 2018
Consumer prices rose 0.8% from a month earlier in July, twice as fast as June’s 0.4% month-on-month increase.
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