Motor industry boosts SA factory output

Vehicle manufacturers contributed to the higher figure, said Gina Schoeman, senior economist at Absa Capital. "Vehicle manufacturers are very much to thank for the 7.7 y/y percent we saw, they accounted for more than half of the manufacturing production during the month." Peter Attard Montalto, emerging market analyst at Nomura, is reported by Fin24.com to have said the figure reflected "pent-up" demand.

"We are seeing a continued unwinding of pent-up demand post strike seasons in July and August and export growth has also shot up to 25-27% in recent months from just 10% over summer," Fin24.com quotes him as saying.

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• Fin24.com:
  Motor industry boosts SA factory output