SA April manufacturing up 0.4% y/y

10 Jun 2011

Manufacturing production in South Africa in April rose just 0.4% year on year (y/y) after a revised 4.9% growth (4.6%) in March, data released by stats SA on Thursday, 9 June 2011, showed.

Stats SA said the 0.4% increase was mainly driven by higher production in the basic iron and steel, non-ferrous metal products, metal products and machinery division (3.4% and contributing 0.7 of a percentage point), and the food and beverages division (3.3% and contributing 0.5 of a percentage point).

The petroleum, chemical products, rubber and plastic products division rose 1.6% and contributed 0.4 of a percentage point) and the furniture and other manufacturing division 3.7% and 0.2 of a percentage point).

However, these increases were partially counteracted by a decrease reported in the motor vehicles, parts and accessories and other transport equipment division (-8.6% and contributing -0.9 of a percentage point).

Seasonally adjusted manufacturing production for the three months ended April 2011 increased by 2.3% compared with the previous three months ended January 2011. Five of the ten manufacturing divisions reported positive growth rates over this period.

The increase was mainly due to higher production in the basic iron and steel, non-ferrous metal products, metal products and machinery division (7.2% and contributing 1.4 percentage points), the petroleum, chemical products, rubber and plastic products division (5.9% and contributing 1.4 percentage points), the furniture and other manufacturing division (7.3% and contributing 0.3 of a percentage point) and the radio, television and communication apparatus and professional equipment division (10.1% and contributing 0.1 of a percentage point).

Seasonally adjusted sales of manufactured products at current prices increased by 3.7% (R12,183 million) in the three months ended April 2011 compared with the previous three months ended January 2011.

Source: I-Net Bridge

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