 |
Angola
Botswana
Malawi
Mozambique
Namibia
South Africa
Zimbabwe
Cote D'Ivoire
Ghana
Nigeria
Kenya
Uganda
Tanzania
Mauritius
Seychelles
Algeria
Egypt
Morocco
Zambia| Press offices |
Categories
Special sectionsIn the news | Manufacturing news Manufacturing seen shrinking 0.7% in 2012Inflation-adjusted manufacturing value added is expected to shrink by 0.7% during 2012, with a rebound only expected in 2013, Iraj Abedian, economist and compiler of the manufacturing quarterly bulletin says. A recession in the Eurozone, and a possible easing in Chinese growth were identified as reasons behind the forecast. The Manufacturing Circle, in partnership with Abedian, recently released the first quarter 2012 manufacturing bulletin, which found that business confidence in the sector remained stable in the quarter. It noted, however, that despite the current stable outcome, major challenges remained ahead for the sector. Given the recent performance of manufacturing production, Abedian expected a dim contribution to first quarter gross domestic product (GDP) by the sector. Statistics SA was scheduled to release the first quarter GDP figures at the end of May. Inflation-adjusted manufacturing value added is forecast to rebound and expand by an annual rate of about 3.9% in 2013. The downside risk to this outlook, Abedian said, was the rand exchange rate. Manufacturers have highlighted the volatile rand as a major challenge for manufacturing exports going forward. Abedian said the recent weakness in the rand against major currencies would be of "no help" to local manufacturers as its weakness was driven by eurozone developments. "It will reverse itself in due course," Abedian said. SOURCE I-Net BridgeFor more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions. We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.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. | Subscribe to industry newslettersRelated newsSubmit news Top stories More Top stories news... Submit news Lifestyle top stories
Bizcommunity retains a dedicated editorial pool and a group of around 265 industry contributors, we always welcome additional contributions. |
News
Community
Submit
My account
Advertise
Bizcommunity
ADSL & Web hosting proudly provided by Afrihost. All rights reserved. © 2013. Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein. Privacy policy, Terms of Use, PAIA.