South Africa's manufacturing production rose 4.6 percent year-on-year in March of 2021, recovering from an upwardly revised 2.5 percent fall in the prior month and well above market expectations of a 0.45 percent increase. It was the strongest growth in factory activity since April of 2019, mainly boosted by the production of food & beverages (10.4 percent vs -0.4 percent in February) and motor vehicles, parts and accessories and other transport equipment (25.9 percent vs 10 percent). Output also rose sharply for glass and non-metallic mineral products (23.9 percent vs 6.9 percent) and textiles, clothing, leather and footwear (12.1 percent vs 4.4 percent). On a seasonally adjusted monthly basis, manufacturing production rose 3.4 percent, the biggest increase in eight months and compared with market expectations of a 0.5 percent gain. source: Statistics South Africa
Industrial Production in South Africa averaged 0.66 percent from 1974 until 2021, reaching an all time high of 18.50 percent in May of 1995 and a record low of -48.70 percent in April of 2020. This page provides - South Africa Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Industrial Production in South Africa is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in South Africa to stand at 1.40 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 2.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models.