Manufacturing production in South Africa rose by 3.7% from a year earlier in July of 2022, below market estimates of a 4% growth, following three consecutive months of downturn. There was a solid rebound in sales of food and beverages (9.7% vs -3.5% in June) and motor vehicles, parts and accessories and other transport equipment (12.1% vs -15.5%). Other positive contributions came from radio, television and communication apparatus and professional equipment (18.9% vs 11.3%); textiles, clothing, leather and footwear (9.1% vs -3.3%) and furniture and other manufacturing (4.9% vs -3.2%). On a seasonally adjusted monthly basis, manufacturing output edged down by 0.2% in July, after an upwardly revised 2% slump in June, compared with market forecasts of a 0.7% fall. source: Statistics South Africa
Industrial Production in South Africa averaged 0.82 percent from 1974 until 2022, reaching an all time high of 102.20 percent in April of 2021 and a record low of -53 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 2022.
Industrial Production in South Africa is expected to be 1.40 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.