Manufacturing production in South Africa shrank by 4.1% year-on-year in July of 2021, following a downwardly revised 11.9% jump in June and defying market expectations of a 3.6% rise. It was the first decline in factory activity after four consecutive months of expansion, mainly due to lower production of petroleum, chemical products, rubber and plastic products (-23.2% vs -13% in June); textiles, clothing, leather and footwear (-6.3% vs 18.7%) and food & beverages (-2% vs 5.5%). On a seasonally adjusted monthly basis, manufacturing output plunged 8%, the most since April of 2020, likely linked to social unrest in parts of the country that forced businesses to shut down. source: Statistics South Africa
Industrial Production in South Africa averaged 0.89 percent from 1974 until 2021, reaching an all time high of 88.10 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 September of 2021.
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 1.30 percent in 2022 and 2.10 percent in 2023, according to our econometric models.