Annual manufacturing production shows 1.3% increase for August | Fin24

Annual manufacturing production shows 1.3% increase for August

Oct 11 2018 14:37

South Africa's manufacturing production grew by 1.3% in August 2018 compared with August 2017, Stats SA announced on Thursday. 

On a month-on-month basis between July and August manufacturing production remained almost changed, showing a slight increase of 0.1%.

The largest contributors to the year-on-year increase were in the subsections of food and beverages - which grew by 3.3% over August 2017, and of basic iron and steel, non-ferrous metal products, metal products and machinery - which grew by 2,1%. 

The production volume of electrical machinery showed a 9% decrease, while that of radios, televisions and communication
apparatuses and professional equipment showed a decline of 9.7%.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER



Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Trump’s administration has threatened to choke Huawei, hitting some of its biggest component makers. What are you most concerned about??

Previous results · Suggest a vote