Manufacturing production in South Africa plunged by 7.8% from a year earlier in April of 2022, after a downwardly revised 0.6% decrease in the prior month and worse than market expectations of a 2.6% drop. It marks the second consecutive month of falling manufacturing activity and at the quickest pace since last October, reflecting the adverse impact of severe flooding in parts of the country and intense load-shedding. The main declines were observed in the production of motor vehicles, parts and accessories and other transport equipment (-28.6%), linked to a forced temporary shutdown of the Toyota plant due to the KZN floods; petroleum, chemical products, rubber and plastic products (-10.3%); food and beverages (-3.7%) and basic iron and steel, non-ferrous metal products, metal products and machinery (-4.4%). On a seasonally adjusted monthly basis, manufacturing output declined by 5.4%, the most in six months, compared with market estimates of a 2% fall. source: Statistics South Africa
Industrial Production in South Africa averaged 0.84 percent from 1974 until 2022, reaching an all time high of 101.80 percent in April of 2021 and a record low of -52.70 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 July of 2022.
Industrial Production in South Africa is expected to be -1.60 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 1.50 percent in 2023 and 2.10 percent in 2024, according to our econometric models.