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South Africa Manufacturing Output Falls For Fourth Month

South Africa's manufacturing output declined for the fourth straight month in September, data from Statistics South Africa showed on Thursday.

Manufacturing output dropped at a faster pace of 2.4 percent year-on-year in September, following a 1.5 percent fall in August.

The biggest negative contribution came from basic iron and steel, non-ferrous metal products, metal products and machinery, wood and wood products, paper, publishing and printing, petroleum, chemical products and rubber and plastic products.

On a monthly basis, manufacturing output fell 2.4 percent in September, reversing a 1.3 percent rise in the previous month.

For the three month ended in September, manufacturing output fell 0.9 percent, following a 1.5 percent decline in the three month ended in August.

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