Manufacturing production decreased by 3.3% y/y in January
Statistics South Africa (Stats SA) reveals that manufacturing production decreased by 3.3% year-on-year in January.
The petroleum, chemical, rubber and plastics division was the largest negative contributor, declining by 9.1% and subtracting 2.1 percentage points from overall manufacturing growth, says Stats SA industry statistics director Nicolai Claassen.
He notes that other divisions that experienced a poor month include communication and professional equipment, textiles and clothing, electrical machinery and food and beverages.
The automotive division continued a downward trend, recording its ninth consecutive month of year-on-year decline.
Classen explains that its weak performance was mainly owing to a decrease in the production of parts and accessories for motor vehicles.
Meanwhile, three divisions expanded in January, including wood, paper, printing and publishing; glass and non-metallic mineral products; and furniture and manufacturing not elsewhere classified.
The largest positive contribution was made by the wood and wood products, paper, publishing and printing division of 5.6% and contributing 0.6 of a percentage point.
Growth was flat for iron, steel, metal products and machinery.
On a month-on-month basis, Claassen says seasonally adjusted manufacturing production edged higher by 0.2% in January.
This followed month-on-month changes of -2.2% in December and -1.2% in November.
Seasonally adjusted manufacturing production decreased by 1.8% in the three months ended January, compared with the previous three months.
Eight of the ten manufacturing divisions reported negative growth rates over this period.
The largest negative contributions were reported for petroleum, chemical products, rubber and plastic products, -3.6% and contributing -0.8 of a percentage point; basic iron and steel, non-ferrous metal products, metal products and machinery, -3.4% and contributing -0.7 of a percentage point; and motor vehicles, parts and accessories and other transport equipment, -4.6% and contributing -0.4 of a percentage point.
Seasonally adjusted manufacturing sales decreased by 0.8% in January, compared with December. This followed month-on-month changes of 1.1% in December and -3% in November.
Seasonally adjusted manufacturing sales decreased by 0.9% in the three months ended January, compared with the previous three months.
The largest negative contributions were made by the basic iron and steel, non-ferrous metal products, metal products and machinery division, -3.3% and contributing -0.7 of a percentage point; and the motor vehicles, parts and accessories and other transport equipment division, ‑3.1% and contributing -0.5 of a percentage point.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation