S. Africa Manufacturing Output Growth Eases Sharply In June

South Africa's manufacturing output growth slowed significantly in June to its weakest pace in more than two years, data released by Statistics South Africa showed on Thursday.

Factory output annual growth slowed to 0.4 percent in June from a 2.1 percent in May. Economists had expected the growth figure to rise to 4.3 percent. The latest growth was the weakest since April 2011.

Month-on-month, manufacturing output declined 3 percent in June. That was in contrast to the 0.5 percent growth expected by economists.

In the second quarter, factory output grew a seasonally adjusted 3.1 percent from the previous three months and 3 percent from a year ago.

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