Mining production in South Africa slumped by 14.9 percent year-on-year in April of 2022, after a downwardly revised 7.5 percent fall in the previous month and worse than market forecasts of a 5 percent decline. It marks the third consecutive month of a downturn in mining activity and at the steepest pace since June of 2020, mainly due to the ongoing power crisis. The largest negative contributors were PGMs (-22.6 percent), coal (-14.7 percent), gold (-27.8 percent) and manganese ore (-10.4 percent). On a seasonally adjusted monthly basis, mining production shrank 4.3 percent, following an upwardly revised 3.2 percent rise in the prior month. source: Statistics South Africa
Mining Production in South Africa averaged 0.05 percent from 1981 until 2022, reaching an all time high of 117.40 percent in April of 2021 and a record low of -50.70 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 June of 2022.
Mining Production in South Africa is expected to be -8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Mining Production is projected to trend around 2.30 percent in 2023 and 3.00 percent in 2024, according to our econometric models.