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Manufacturing production down 0.5%

Cape Town - South African manufacturing production has decreased by 0.5% year-on-year in February after a revised 2.4% contraction in January, Statistics South Africa said on Thursday.

The decrease was mainly due to lower production in divisions including petroleum, chemical products, rubber and plastic products, furniture and "other" manufacturing, and wood and wood products, paper, publishing and printing.

Factory output was down 0.8% in the three months to February 2015 compared with the previous three months. Seven of the ten manufacturing divisions reported negative growth rates over this period.

The largest negative contributions to the decrease of 0.8% were made by radio, television and communication apparatus and professional equipment, motor vehicles, parts and accessories and other transport equipment, and wood and wood products, paper, publishing and printing.

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