Subscribe & Follow

Advertise your job vacancies

Jobs

Paint Industry Branch Supervisor Plettenberg Bay

SA Jan manufacturing production down 2.3% y/y

13 Mar 2015

Manufacturing production fell in January due to lower production in divisions such as food and beverages‚ glass and non-metallic mineral products‚ petroleum‚ and communication apparatus and professional equipment.

SA Jan manufacturing production down 2.3% y/y

Statistics SA data showed on Thursday, 12 March 2015, that manufacturing production decreased by 2.3% in January 2015 compared with January 2014 after increasing by 0.9% in December.

Severe load-shedding in January and muted global demand are among factors weighing on output.

Seasonally adjusted manufacturing production decreased by 0.6% in the three months ended January 2015 compared with the previous three months‚ with five of the 10 manufacturing divisions reporting negative growth rates over the period.

The main contributors to the 0.6% decrease were the motor vehicles‚ parts and accessories and other transport equipment division; and the furniture and other manufacturing division.

Earlier‚ data showed that mining production also fell sharply in January amid lower production in the gold and platinum group metals mining divisions.

Barclays Africa economists said the latest mining and manufacturing data provided "a useful indication of the severity of the negative effects of the power outages on output in the productive sector".

Source: BDpro via I-Net Bridge

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.

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