South Africa’s manufacturing output declined in January after falling in the previous month, data from Statistics South Africa showed on Thursday.
Manufacturing output declined 3.4 percent year-on-year in January, after a 1.9 percent growth in December.
The largest negative contributions came from petroleum, chemical products, rubber and plastic products, food and beverages, and furniture and ‘other’ manufacturing
On a month-on-month basis, manufacturing output increased 0.5 percent in January, following a 0.6 percent rise in the preceding month. This was in line with economists’ expectation.
During the three months ended in January, manufacturing output gained 2.2 percent, after a 5.3 percent increase in the preceding period.