South Africa's manufacturing production fell 2.1 percent year-on-year in February of 2021, following an upwardly revised 4.2 percent slump in the previous month and compared with market expectations of a 0.4 percent fall. Output continued to decline although less for food & beverages (-0.7 percent vs -6.1 percent in January) and petroleum, chemical products, rubber and plastic products (-8.4 percent vs -14.1 percent). On a seasonally adjusted monthly basis, manufacturing output decreased 1.2 percent, after a revised flat reading in January and against market estimates of a 0.4 percent gain. source: Statistics South Africa

Industrial Production in South Africa averaged 0.65 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 April 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.

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South Africa Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -4.20 18.50 -48.70 1974 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-12 11:00 AM Nov -3.5% -3.4% -1.5% -2.3%
2021-02-11 11:00 AM Dec 1.8% -4.1% -1.3% -1.7%
2021-03-11 11:00 AM Jan -3.4% 1.9% -1% -0.7%
2021-04-08 11:00 AM Feb -2.1% -4.2% -0.4% -3.2%
2021-05-06 11:00 AM Mar -2.1%
2021-06-10 11:00 AM Apr
2021-07-12 11:00 AM Jun
2021-08-10 11:00 AM May


News Stream
South Africa Factory Output Falls More than Expected
South Africa's manufacturing production fell 2.1 percent year-on-year in February of 2021, following an upwardly revised 4.2 percent slump in the previous month and compared with market expectations of a 0.4 percent fall. Output continued to decline although less for food & beverages (-0.7 percent vs -6.1 percent in January) and petroleum, chemical products, rubber and plastic products (-8.4 percent vs -14.1 percent). On a seasonally adjusted monthly basis, manufacturing output decreased 1.2 percent, after a revised flat reading in January and against market estimates of a 0.4 percent gain.
2021-04-08
South Africa Factory Output Falls More Than Estimated
South Africa's manufacturing production shrank 3.4% from a year earlier in January of 2021, following an upwardly revised 1.9% rise in the prior month and worse than market expectations of a 1% fall. Output declined mostly for petroleum, chemical products, rubber and plastic products (-13.9% vs -11.5% in December); food and beverages (-4.9% vs 6.4%) and furniture and ‘other’ manufacturing (-12.1% vs 7.3). On a seasonally adjusted monthly basis, industrial production increased 0.5%, after a revised 0.6% drop in the previous month and compared with market consensus of a 0.5% decrease.
2021-03-11
South Africa Manufacturing Output Unexpectedly Rebounds
South Africa's manufacturing production rose 1.8% year-on-year in December of 2020, following an upwardly revised 4.1% slump in the prior month and against market expectations of a 1.3% fall. It was the first increase in manufacturing activity since May of 2019, mainly boosted by production of food & beverages (6.4% vs -4.1% in November); motor vehicles, parts, accessories and other transport equipment (18.1% vs 6.4%); basic iron and steel, non-ferrous metal products, metal products and machinery (3.6% vs -5.1%) and wood and wood products, paper, publishing and printing (3.7% vs -1.9%). In 2020, manufacturing output plunged 11% over a year earlier. On a seasonally adjusted monthly basis, manufacturing output went down 0.1%, following a downwardly revised 0.6% decrease and compared with market consensus of a 0.6% fall.
2021-02-11
South Africa Factory Activity Shrinks More than Expected
South Africa's manufacturing production slumped 3.5% year-on-year in November of 2020, slightly faster than a 3.4% fall in the previous month and compared with market expectations of a 1.5% decrease. It was the 18th straight month of declines in factory activity and at the quickest pace since August. Production shrank primarily for petroleum, chemical products, rubber and plastic products (-9.6% vs -6.8% in October), namely coke, petroleum products and nuclear fuel (-32.3% percent vs -25.7%); food & beverages (-2.9% vs 0.1%); basic iron and steel, non-ferrous metal products, metal products and machinery (-3.9% vs -5%) and electrical machinery (-4.4% vs -1.4%). On a seasonally adjusted monthly basis, industrial production shrank 1.3%, following an upwardly revised 3.2% increase in the previous month and against market consensus of a 0.9% rise.
2021-01-12

South Africa Manufacturing Production
In South Africa, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.