Manufacturing news

Feedback

Subscribe to industry newsletters

Press offices

Enquire about a press office
Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Advertise with us
Advertise & RatesMy Account
Company press officeList company
Recruitment packagesSubmit job ad
Download ratecard
Manufacturing news

Manufacturing sector conditions will remain downbeat

22 Nov 2012 12:01
The New Age reports that the third quarter 2012 Manufacturing Circle survey released this week says business conditions in the South African manufacturing sector are expected to remain fragile in the short to medium term.
Reasons for the pessimistic outlook on business conditions, the survey says, include prolonged wildcat strikes, declining mine investments, the proposed electricity hikes and unfavourable labour conditions due to above-inflation wage demands. Despite an increase of 49000 jobs in the manufacturing sector, the manufacturing labour market remains under stress.

According to The New Age, the study reveals that both domestic and global demand conditions remained downbeat during the third quarter. "Many respondents reported that production within manufacturing was negatively affected by spill over effects from strikes." Another factor contributing to the sector's decline is the lack of skills and technology, the study concludes.

the http://www.thenewage.co.za/70919-9-53-Manufacturing_sector_expected_to_remain_fragile_in_medium_term full article on www.thenewage.co.za.
    
 
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.

News