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SA manufacturing production up 1.2%
Manufacturing production in SA increased by 1.2% year on year (y/y) in April after a revised fall of 2.9% (-2.7%) y/y in March‚ data released by Statistics SA on Thursday showed.
The 1.2% y/y increase in manufacturing production was mainly due to higher production in the motor vehicles‚ parts and accessories and other transport equipment sector‚ which grew 11.4% and contributed 1.1 percentage points; and the petroleum‚ chemical products‚ rubber and plastic products sector‚ with a 3.9% rise and a 1.0 percentage point contribution.
The food and beverages division recorded a 4.2% increase and contributed 0.7 of a percentage point; and the glass and non-metallic mineral products division lifted 7.4% and contributed 0.3 of a percentage point‚ Stats SA reported.
The basic iron and steel‚ nonferrous metal products‚ metal products and machinery sector recorded a y/y contraction of 7.1% and contributed -1.6 percentage points.
Seasonally adjusted manufacturing production for the three months ended April 2012 increased by 0.4% compared with the previous three months ended January 2012.
Six of the 10 manufacturing divisions reported positive growth rates over this period.
The increase was driven mainly by higher production recorded for the petroleum‚ chemical products‚ rubber and plastic products sector (up 2.8% and contributing 0.7 of a percentage point); furniture and other manufacturing division (8.6% and contributing 0.4 of a percentage point); motor vehicles‚ parts and accessories and other transport equipment division (4.0% and contributing 0.4 of a percentage point); and textiles‚ clothing‚ leather and footwear division (2.3% and contributing 0.1 of a percentage point).
These increases were‚ however‚ partially counteracted by decreases reported by the wood and wood products‚ paper‚ publishing and printing division (-7.9% and contributing -0.8 of a percentage point); food and beverages division (-1.3% and contributing -0.2 of a percentage point); and glass and non-metallic mineral products division (-1.5% and contributing -0.1 of a percentage point).
Source: I-Net Bridge
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