logo
  

South Africa Manufacturing Output Surges In April

South Africa's manufacturing output accelerated in April, data from Statistics South Africa showed on Thursday.

Manufacturing output grew 87.9 percent year-on-year in April, following a 5.2 percent rise in March.

The largest positive contributions came from basic iron and steel, non-ferrous metal products, metal products and machinery, motor vehicles, parts and accessories and other transport equipment, food and beverages, petroleum, chemical products, rubber and plastic products, and wood and wood products, paper, publishing and printing.

On a month-on-month basis, manufacturing output decreased 1.2 percent in April, after a 3.7 percent growth in the preceding month. Economists had expected a 0.5 percent rise.

During the three months ended in April, manufacturing output gained 0.9 percent, following a 0.4 percent rise in the preceding period.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT