Manufacturing News South Africa

SA October manufacturing production up 2.2%

Manufacturing production continued to recover in October as the effects of strikes dissipated‚ Statistics SA figures showed on Tuesday, 9 December 2014.
SA October manufacturing production up 2.2%
© scanrail -

Manufacturing production rose 2.2% year on year (y/y) in October after increasing by a revised 8.6% (8%) y/y in September.

Manufacturing output rose 0.5% between September and October.

ETM Analytics economist Manisha Morar said the latest data indicated that activity in the sector was stabilising after a prolonged period of strike action earlier in the year. "We consider the present growth rates a better indication of underlying production dynamics."

Morar said economic growth was likely to remain relatively subdued‚ particularly with "a failing energy grid".

Macquarie Securities SA economist Elna Moolman said the sector was likely to "do slightly better" next year‚ although power outages and uncertainty regarding power provision would weigh on output.

The 2.2% year-on-year increase was mainly due to higher production in the motor vehicles‚ parts and accessories and other transport equipment; food and beverages; and petroleum‚ chemical products and rubber and plastic products divisions.

The motor vehicles‚ parts and accessories division was particularly affected by the by metals and engineering workers' strike in July.

Seasonally adjusted manufacturing production increased by 3.8% in the three months ended October compared with the previous three months‚ with nine of the 10 manufacturing divisions reporting positive growth rates over the period.

The main contributors were the motor vehicles‚ parts and accessories and other transport equipment division‚ and the basic iron and steel‚ non-ferrous metal products‚ metal products and machinery division.

Source: BDpro via I-Net Bridge

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:

Let's do Biz