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Manufacturing production up 3%
Manufacturing production in SA increased by 3.0% year-on-year (y/y) in August after an upwardly revised 6.3% (5.8%) y/y rise in July‚ data released by Statistics SA on Thursday showed.
The 3.0% y/y increase in manufacturing production in August 2012 was mainly due to higher production in the following divisions:
• Petroleum‚ chemical products‚ rubber and plastic products (4.7% y/y);
• Wood and wood products‚ paper‚ publishing and printing (9.9% y/y);
• Basic iron and steel‚ non-ferrous metal products‚ metal products and machinery (4.2% y/y).
Seasonally adjusted manufacturing production in the three months ended August 2012 increased by 0.9% compared with the previous three months. Seven of the ten manufacturing divisions reported positive growth rates over this period.
The largest contributions to the increase of 0.9% were made by the following divisions:
• Motor vehicles‚ parts and accessories and other transport equipment (3.2%);
• Food and beverages (2.2%);
• Wood and wood products‚ paper‚ publishing and printing (2.7%).
These increases were counteracted by lower production for the basic iron and steel‚ non-ferrous metal products‚ metal products and machinery division (-1.4%).
Source: I-Net Bridge
For 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.
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