Manufacturing output up 0.6% in February
JOHANNESBURG – South Africa’s manufacturing output rose 0.6 percent year-on-year in February after increasing by a revised 0.9 percent in January, Statistics South Africa said on Thursday.
Economist polled by Reuters had forecast a rise of 0.5 percent year-on-year in February.
On a month-on-month basis factory production fell by 1.8 percent in February, Statistics South Africa.
Earlier today, mining production registered its fourth consecutive contraction, falling 7.5 percent year-on-year in February compared to a 3.3 percent fall the previous month, Statistics South Africa said on Thursday.
This registers as the largest fall in production since March 2016 when output fell 17.4 percent year-on-year.
BUSINESS REPORT ONLINE / REUTERS
Source: iol.co.za
