Industry in South Africa
South Africa - Industry
Manufacturing gains muted in December
A preliminary estimate showed an ailing manufacturing sector in December. According to Statistics South Africa, manufacturing output rose by a meager 0.1% over the same month a year earlier, down from November’s revised 1.3% climb (previously reported: +1.6% year-on-year). Despite upbeat gains in the motor vehicle, and food and beverage industries, losses in the petrochemical, and metal products and machinery industries dragged on the headline reading.
In month-on-month terms, manufacturing output rose 0.7% in seasonally-adjusted terms (November: +0.4% month-on-month s.a.). Meanwhile, annual average growth in manufacturing output ticked down to 1.1% from November’s 1.3%.
South Africa Manufacturing Output Forecast
FocusEconomics Consensus Forecast panelists expect manufacturing output to increase 1.5% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects manufacturing output to increase 2.1%.
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||8.84||0.29 %||Feb 20|
|Exchange Rate||13.99||-0.21 %||Feb 20|
|Stock Market||0.6||-0.44 %||Feb 08|
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February 20, 2019
Consumer prices fell 0.2% from a month earlier in January, in line with December’s outturn but landing below analysts’ expectations.
February 12, 2019
A preliminary estimate showed an ailing manufacturing sector in December.
February 5, 2019
In January, the Standard Bank Purchasing Managers’ Index (PMI) climbed 0.6 points to 49.6 points, closing in on the 50-point threshold that distinguishes deterioration from improvement in the South African private sector. January’s reading revealed a more modest deterioration in business conditions, reflected in smaller declines in output and new orders amid the first uptick in external demand in more than a year.
January 23, 2019
Consumer prices fell 0.2% from a month earlier in December, contrasting November’s 0.2% month-on-month rise.
January 17, 2019
At its meeting ending 17 January, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) kept the repurchase rate unchanged at 6.75%.