Manufacturing records contraction in overall output for August
Statistics South Africa reports that the country’s manufacturing production decreased by 1.2% year-on-year in August, with the largest negative contributors having been motor vehicles, parts and accessories, as well as basic iron and steel, nonferrous metal products, metal products and machinery.
Motor vehicles recorded a 16.1% contraction in output, contributing -1.6 percentage points to the headline figure, while basic iron and steel contracted by 5.4% and contributed -1.2 percentage points.
The largest positive contributor was food and beverages with an output growth rate of 5.8% and a contribution of 1.3 percentage points.
Seasonally adjusted manufacturing production decreased by 0.6% in August, compared with July, which followed month-on-month changes of 1.6% in July and 0% in June.
In the three months ended August 31, seasonally adjusted manufacturing production increased by 0.1%, compared with the previous three months.
Four of the ten manufacturing divisions reported positive growth rates over this period, particularly basic iron and steel, which grew by 1.8% and contributed 0.4 of a percentage point.
Seasonally adjusted manufacturing sales also decreased by 1.8% in August, compared with July, which followed month-on-month changes of 1.8% in July and 0.5% in June.
In the three months ended August 31, seasonally adjusted manufacturing sales increased by 0.3%, supported by petroleum, chemical products, rubber and plastics products, which grew by 6.9% in the period and contributed 1.4 percentage points.
The largest negative contributors in this period, however, were motor vehicles and basic iron and steel, which contracted by 3.5% and 1.7%, respectively, contributing -0.6 and -0.4 of a percentage point, respectively.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
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
