South Africa

South Africa Manufacturing

South Africa Manufacturing

Manufacturing production in South Africa

The economy recorded an average growth rate of -0.5% in the manufacturing sector in the decade to 2022. In 2022, manufacturing growth was -0.3%, down from the 6.0% reading of the prior year.

South Africa Manufacturing Chart

Note: This chart displays Manufacturing Production (ann. var. %) for South Africa from 2014 to 2023.
Source: Statistics South Africa.

South Africa Manufacturing Data

2018 2019 2020 2021 2022
Manufacturing production (ann. var. %) 1.0 -1.1 -12.3 6.0 -0.3

Manufacturing production falls at sharpest pace since October 2022 in December

Manufacturing output dropped 1.7% month on month in seasonally adjusted terms in December (November: +1.2% mom). December's outturn marked the worst reading since October 2022. Looking at the details of the release, wood and wood products, paper, publishing and printing activity declined in December, and food and beverages output lost steam. On an annual basis, manufacturing output rose at a more moderate pace of 0.7% in December (November: +2.5% yoy) Meanwhile, the trend improved, with the annual average variation of manufacturing production coming in at plus 0.4%, up from November's flat reading.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects South African manufacturing projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable manufacturing forecast available for South African manufacturing.

Download one of our sample reports to visualize what a Consensus Forecast is and see our South African manufacturing projections.

Want to get access to the full dataset of South African manufacturing forecasts? Send an email to info@focus-economics.com.

Latest Global Industrial production News

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest