Industry in South Africa
South Africa - Industry
Manufacturing output slows in June
A preliminary estimate showed that the manufacturing sector lost steam in June. According to Statistics South Africa, manufacturing output grew 0.7% over the same month last year, below May’s revised 2.0% expansion (previously reported: +2.3% year-on-year). June’s print chiefly reflected slower growth in food and beverages industries, along with petrochemical industries.
In month-on-month terms, manufacturing output rose by a seasonally-adjusted 0.3%, notably below May’s 1.3% increase. Meanwhile, annual average growth in manufacturing output ticked up to 0.7% from 0.5% in June.
South Africa Manufacturing Output Forecast
FocusEconomics Consensus Forecast panelists expect manufacturing output to rise 1.0% in 2018, which is up 0.1 percentage points from last month’s estimate. For 2019, the panel expects manufacturing output to expand 1.3%.
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||9.02||0.29 %||Aug 15|
|Exchange Rate||14.65||-0.21 %||Aug 15|
|Stock Market||0.8||-0.44 %||Aug 09|
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August 10, 2018
A preliminary estimate showed that the manufacturing sector lost steam in June.
July 13, 2018
A preliminary estimate showed that manufacturing output continued to rebound in May.
July 4, 2018
In June, the Standard Bank Purchasing Managers’ Index (PMI) climbed 0.9 points to 50.9 points, squeaking by the survey’s long-run average.
June 20, 2018
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