Industry in South Africa
South Africa - Industry
Manufacturing rebounds in October
A preliminary estimate showed the manufacturing sector rebounding in October. According to Statistics South Africa, manufacturing output grew 3.0% over the same month last year, contrasting September’s revised 0.1% fall (previously reported: +0.1% year-on-year). October’s print reflected gains in the food and beverage, textile and lumber industries. For their part, the automotive industries posted double-digit annual gains in the month.
In month-on-month terms, manufacturing output rose a seasonally-adjusted 1.1% (September: -0.8% month-on-month s.a.). Meanwhile, annual average growth in manufacturing output ticked up from 1.2% in September to 1.3%.
FocusEconomics Consensus Forecast panelists expect manufacturing output to rise 1.5% in 2019, which is up 0.3 percentage points from last month’s forecast. For 2020, the panel expects manufacturing output to expand 2.2%.
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||9.16||0.29 %||Dec 11|
|Exchange Rate||14.35||-0.21 %||Dec 11|
|Stock Market||0.7||-0.44 %||Nov 27|
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December 12, 2018
Consumer prices climbed 0.2% from the previous month in November, down from October’s 0.5% increase.
December 11, 2018
A preliminary estimate showed the manufacturing sector rebounding in October.
December 5, 2018
In November, the Standard Bank Purchasing Managers’ Index (PMI) climbed 1.3 points to 48.2 points, closing in on the 50-point threshold that distinguishes deterioration from improvement in the South African private sector. November’s reading revealed a more modest deterioration in business conditions, reflected in smaller declines in output and new orders amid tepid demand.
December 4, 2018
South Africa’s economy bounced back in the third quarter from a short-lived technical recession in the first half of the year, expanding in seasonally-adjusted and annualized (saar) terms.
November 22, 2018
At its meeting ending on 22 November, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) opted to close the year by raising the repurchase rate by 25 basis points to 6.75%.