South Africa Manufacturing Output Rises In August

South Africa's manufacturing output increased in August, data from Statistics South Africa showed on Tuesday. Manufacturing output gained 1.8 percent year-on-year in August, after a 4.8 percent rise in July. Economists had expected a 3.6 percent rise. The largest positive contributions came from food and beverages, motor vehicles, parts and accessories and other transport equipment, basic iron and steel, non-ferrous metal products, metal products and machinery, wood and wood products, paper, publishing and printing, and furniture and 'other' manufacturing On a month-on-month basis, manufacturing output increased 7.6 percent in August, after a 8.4 percent fall in the preceding month. Economists had expected a 3.0 percent fall. During the three months ended in August, manufacturing output declined 6.3 percent, following a 5.8 percent drop in the preceding period. For comments and feedback contact: editorial@rttnews.com Economic News What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more. Biotech Stocks Facing FDA Decision In October 2021 Biotech Stocks Facing FDA Decision In September 2021 Biotech Stocks Facing FDA Decision In August 2021

South Africa Manufacturing Output Rises In August

South Africa's manufacturing output increased in August, data from Statistics South Africa showed on Tuesday.

Manufacturing output gained 1.8 percent year-on-year in August, after a 4.8 percent rise in July. Economists had expected a 3.6 percent rise.

The largest positive contributions came from food and beverages, motor vehicles, parts and accessories and other transport equipment, basic iron and steel, non-ferrous metal products, metal products and machinery, wood and wood products, paper, publishing and printing, and furniture and 'other' manufacturing

On a month-on-month basis, manufacturing output increased 7.6 percent in August, after a 8.4 percent fall in the preceding month. Economists had expected a 3.0 percent fall.

During the three months ended in August, manufacturing output declined 6.3 percent, following a 5.8 percent drop in the preceding period.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

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