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Manufacturing sector up 2,5% in October

Manufacturing production in SA bounced back in October‚ increasing by 2.5% year-on-year (y/y) after a revised 1.7% (1.1%) year-on-year decrease in September‚ data released by Statistics SA on Tuesday (11 December) showed

13 Dec 2012

Seasonally adjusted manufacturing production increased by 0.3% in the three months ended October compared with the previous three months.

The 2.5% y/y increase in manufacturing production was mainly due to higher production in petroleum‚ chemical products‚ rubber and plastic products (11.8% and contributing 2.7 percentage points); wood and wood products‚ paper‚ publishing and printing (10.6% and contributing 1.0 percentage point); furniture and "other" manufacturing groups (6.3% and contributing 0.3 of a percentage point); and radio‚ television and communication apparatus and professional equipment (6.9% and contributing 0.1 of a percentage point).

In terms of the 0.3% increase‚ five of the ten manufacturing divisions reported positive growth over this period.

The largest contributions were made by wood and wood products‚ paper‚ publishing and printing (7.5% and contributing 0.7 of a percentage point); petroleum‚ chemical products‚ rubber and plastic products (2.6% and contributing 0.7 of a percentage point); and basic iron and steel‚ non-ferrous metal products‚ metal products and machinery (2.9% and contributing 0.6 of a percentage point).

Seasonally adjusted sales of manufactured products (at current prices) increased by 0.8% (R3.2bn) in the three months ended October compared with the previous three months. Four of the ten manufacturing divisions reported positive growth rates over this period.

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: http://www.inet.co.za