South Africa’s May manufacturing output up 2.3%

South Africa‘s manufacturing output expanded by 2.3% year-on-year in May, following a revised 1% expansion in April, the statistics agency said on Thursday.

Statistics South Africa said factory production on a month-on-month basis expanded 1.5% in May, but in the three months to May it decreased by 1.5% versus the previous three months. 

Source: moneyweb.co.za