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    SA May manufacturing production down 1.4% y/y

    Manufacturing production fell for the second consecutive month as business activity remained under pressure...
    SA May manufacturing production down 1.4% y/y
    © Christopher Alleaume – 123RF.com

    Output declined by 1.4% in May 2015 compared with May 2014, after falling by 2.1% in April.

    Barclays said in a research note earlier that while these data releases were often an important indication of the direction and magnitude of overall gross domestic product growth, they have recently been volatile, reflecting the unpredictable effects of electricity power cuts.

    The 1.4% decrease was mainly due to lower production in basic iron and steel; non-ferrous metal products; metal products and machinery.

    Seasonally adjusted manufacturing production decreased by 0.3% in the three months ended May 2015 compared with the previous three months, with five of the 10 manufacturing divisions having reported negative growth rates over the period.

    Source: BDpro

    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
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