SA’s manufacturing output up 1.2% y/y in March

South Africa’s manufacturing output rose 1.2% year-on-year in March after increasing by a revised 0.5% in February, the statistics agency said on Thursday.

Economists polled by Reuters had forecast a contraction of 0.15% year-on-year in March.

On a month-on-month basis factory production rose by 0.8% in March, data from Statistics South Africa showed.