October manufacturing output rises 3%

South Africa‘s manufacturing output beat consensus to rise by 3% year-on-year in October following a revised 0.1% contraction in September, the statistics agency said on Tuesday.

Statistics South Africa said factory production on a month-on-month basis rose 1.1% in October, and increased by 0.9% in the three months to October versus the previous three months.

Economists had forecast manufacturing output to rise by 0.8%. 

Source: moneyweb.co.za