Manufacturing production in South Africa rose by 1.8 percent year-on-year in August of 2021, following an upwardly revised 4.8 percent fall in July and beating market expectations of a 0.15 percent increase. Main positive contributions came from the manufacture of food and beverages (9.7 percent); motor vehicles, parts and accessories and other transport equipment (17.7 percent); basic iron and steel, non-ferrous metal products, metal products and machinery (7.6 percent); wood and wood products, paper, publishing and printing (12.5 percent) and furniture and ‘other’ manufacturing (19.8 percent). On a seasonally adjusted monthly basis, manufacturing output grew 7.6 percent, reversing a 8.4 percent slump in July and also above market forecasts of a 6 percent rise. source: Statistics South Africa
Industrial Production in South Africa averaged 0.89 percent from 1974 until 2021, reaching an all time high of 88.30 percent in April of 2021 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 October of 2021.
Industrial Production in South Africa is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Manufacturing Production is projected to trend around 1.30 percent in 2022 and 2.10 percent in 2023, according to our econometric models.