South Africa's manufacturing production slumped 3.6 percent from a year earlier in November 2019, following a 0.8 percent fall in October. It was the sixth straight month of declines in industrial activity and at the quickest pace since June. Main decreases were recorded in production of wood and wood products, paper, publishing and printing (-9.3 percent vs -5.7 percent); motor vehicles, parts and accessories & other transport equipment (-10 percent vs 0.6 percent); petroleum, chemical products, rubber & plastic products (-2.6 percent vs -0.5 percent); textiles, clothing, leather and footwear (-13.3 percent vs -9.5 percent) and basic iron and steel, non-ferrous metal products, metal products and machinery (-2.5 percent vs -2.4 percent). Output only increased for food & beverages (1.3 percent vs 4 percent). On a seasonally adjusted monthly basis, industrial production shrank 1.5 percent, after a downwardly revised 2.5 percent rise in October.
Industrial Production in South Africa averaged 0.93 percent from 1974 until 2019, reaching an all time high of 18.50 percent in May of 1995 and a record low of -23.20 percent in April of 2009. This page provides - South Africa Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics South Africa
Industrial Production in South Africa is expected to be -1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in South Africa to stand at 1.50 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 1.30 percent in 2020, according to our econometric models.