South Africa Manufacturing Output Falls In February

By | May 19, 2020
InstaForex
South Africa Manufacturing Output Falls In February

South Africa’s manufacturing output declined in February, data from Statistics South Africa showed on Tuesday.

Manufacturing output fell 2.1 percent year-on-year in February, following a 1.8 percent decline in January.

The biggest negative contributions came from basic iron and steel, non-ferrous metal products, metal products and machinery, wood and wood products, paper, publishing and printing, textiles, clothing, leather and footwear, glass and non-metallic mineral products and motor vehicles, parts and accessories and other transport equipment.

On a month-on-month basis, manufacturing output rose 2.3 percent in February, after a 3.0 percent rise in the preceding month.

For the three months period ended in February, manufacturing output fell 2.2 percent, following a 1.7 percent decrease in the previous three months.


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