South Africa's manufacturing production slipped 10.8% from a year ago in August of 2020, following a downwardly revised 10.2% slump in the prior month which was the smallest since March. Output declined faster mostly for motor vehicles, parts and accessories and other transport equipment (-30.6% vs -29.7% in July); basic iron and steel, non-ferrous metal products, metal products and machinery (-11.7% vs -8.2%) and glass and non-metallic mineral products (-8.7% vs -1.1%). In addition, production shrank for petroleum, chemical products, rubber and plastic products (-5.4% vs 3.3%), in particular coke, petroleum products and nuclear fuel (-15.3% vs 3.7%). On a seasonally adjusted monthly basis, manufacturing production rose 3.6%, following a downwardly revised 5.9% growth in the previous month.
Industrial Production in South Africa averaged 0.68 percent from 1974 until 2020, reaching an all time high of 18.50 percent in May of 1995 and a record low of -48.90 percent in April of 2020. This page provides - South Africa Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistics South Africa
Industrial Production in South Africa is expected to be -25.00 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 -1.80 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 1.80 percent in 2021 and 3.00 percent in 2022, according to our econometric models.