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Paint Industry Branch Supervisor Plettenberg Bay

SA July manufacturing production up 5.8% y/y

12 Sep 2012

Manufacturing production in SA increased by 5.8% year on year (y/y) in July after an upwardly revised 0.9% (0.8%) year-on-year rise in June‚ data released by Statistics SA on Tuesday, 11 September 2012, showed.

The 5.8% y/y increase in manufacturing production was mainly due to higher production in the petroleum‚ chemical products‚ rubber and plastic products sector‚ with a 6.9% rise and a 1.7 percentage point contribution; basic iron and steel‚ nonferrous metal products‚ metal products and machinery‚ with a 9.0% increase and a 1.7 percentage point contribution; and the food and beverages division‚ with a 7.4% increase and a 1.3 percentage point contribution.

Seasonally adjusted manufacturing production increased by 0.1% for the three months ended July compared with the previous three months.

Five of the 10 manufacturing divisions reported positive growth rates over this period.

The largest contributions to the increase of 0.1% were made by the following divisions of motor vehicles‚ parts and accessories and other transport equipment (3.7% and contributing 0.4 of a percentage point); the food and beverages division (2.2% and contributing 0.4 of a percentage point); petroleum‚ chemical products‚ rubber and plastic products (1.3% and contributing 0.3 of a percentage point); and the electrical machinery (9.7% and contributing 0.3 of a percentage point).

These increases were to a large extent counteracted by lower production recorded for the basic iron and steel‚ non-ferrous metal products‚ metal products and machinery division (-6.4% and contributing -1.3 percentage points).

Stats SA noted that it has published the results for the monthly survey of manufacturing production and sales from a new sample drawn in April 2012‚ which replaced the previous sample that was drawn in April 2011.

The sample was drawn from a business register of enterprises with an annual turnover of at least R1 241 812 and that are required to register with the South African Revenue Service (SARS) for value added tax.

Source: I-Net Bridge

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