Annual manufacturing production shows uptick in November - Stats SA | Fin24
 
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Annual manufacturing production shows uptick in November - Stats SA

Jan 10 2019 13:36
Fin24

South Africa's annual manufacturing production data showed a 1.6% year-on-year increase in November 2018, Stats SA reported on Thursday, with notable increases in the food and beverages, and motor vehicles sectors. 

Seasonally adjusted production was up 0.7% in November when compared with October. 

Stats SA said the 1.6% increase was caused by a 5.2% year-on-year growth in the food and beverages sector, and 6.2% annual growth in the motor vehicles, parts and accessories and other transport equipment sector. 

Basic iron and steel, non-ferrous metal products, metal products and machinery division manufacturing production fell by 1.7% between November 2017 and November 2018.   

Within the food and beverages sector, the beverages and the dairy subsectors showed the largest annual growth, with 9.4% and 7.8% increases respectively. 

The manufacturing data was released the same day the SA Chamber of Commerce and Industry published its latest Business Confidence Index, which showed a marginal decline in confidence for the month of December.

The chamber said the index’s upward momentum in early 2018 had slowed and started to stagnate towards the end of 2018.

stats sa  |  manufacturing  |  sa economy
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