Mining production in South Africa shrank 6.3 percent year-on-year in October of 2020, following an upwardly revised 3.4 percent fall in the previous month. It was the eighth consecutive month of decreases in mining activity and at the fastest pace since June. The largest negative contributions came from iron ore (-26.5 percent vs -30.5 percent in September); chromium ore (-31.4 percent vs -19 percent); other non-metallic minerals (-17.3 percent vs -0.5 percent); coal (-4 percent vs -3 percent) and gold (-3.9 percent vs -1.1 percent). On a seasonally adjusted monthly basis, mining production went down 0.3 percent, after an upwardly revised 1.1 percent decline in the previous month. source: Statistics South Africa
Mining Production in South Africa averaged -0.33 percent from 1981 until 2020, reaching an all time high of 23.20 percent in October of 2013 and a record low of -50.30 percent in April of 2020. This page provides - South Africa Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Mining Production - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Mining 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 Mining Production in South Africa to stand at 3.80 in 12 months time. In the long-term, the South Africa Mining Production is projected to trend around 5.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.