Mining production in South Africa shrank 4.2 percent from a year ago in June 2019, following a 1.5 percent decrease in the prior month and beating market expectations of a 2.1 percent fall. Output decreased for the eighth consecutive month and the most since February. The largest negative contributors were: gold (-16 percent); diamonds (-33.2 percent) and PGMs (-6.3 percent). In contrast, gains were recorded for manganese ore (24.6 percent); other metallic minerals (43.3 percent) and other non-metallic minerals (14.8 percent). On a seasonally adjusted basis, mining production rose 3.3 percent, after an upwardly revised 3.1 percent in the previous month. Mining Production in South Africa averaged -0.10 percent from 1981 until 2019, reaching an all time high of 23.20 percent in October of 2013 and a record low of -17.40 percent in March of 2016.
Mining Production in South Africa is expected to be -1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mining Production in South Africa to stand at 1.30 in 12 months time. In the long-term, the South Africa Mining Production is projected to trend around 1.40 percent in 2020, according to our econometric models.