Manufacturing production in South Africa increased 1.3 percent from a year ago in August 2019, the most since April, following an upwardly revised 0.8 percent gain in July and easily beating market forecasts of a 0.1 percent rise. Industrial Production Mom in South Africa averaged 0.11 percent from 1990 until 2019, reaching an all time high of 9.10 percent in April of 1991 and a record low of -8.70 percent in August of 1992.
Industrial Production Mom in South Africa is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in South Africa to stand at -1.80 in 12 months time. In the long-term, the South Africa Manufacturing Production MoM is projected to trend around 0.60 percent in 2020, according to our econometric models.