Mining production in South Africa advanced 21.9 percent from a year earlier in May of 2021, following a revised record 117.4 percent rise in the prior month and below market expectations of a 32.8 percent growth. It was the third straight month of rising mining activity, reflecting the gradual recovery from the Covid-19 shock a year before. The largest positive contributors were PGMs (27 percent), gold (44.5 percent), iron ore (48.4 percent) and manganese ore (39.7 percent). On a seasonally adjusted monthly basis, mining production fell 3.5 percent, after a downwardly revised 0.2 percent increase in the prior month. source: Statistics South Africa
Mining Production in South Africa averaged 0 percent from 1981 until 2021, reaching an all time high of 116.50 percent in April of 2021 and a record low of -50.70 percent in April of 2020. This page provides - South Africa Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Mining Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Mining Production in South Africa is expected to be -3.00 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 2.50 in 12 months time. In the long-term, the South Africa Mining Production is projected to trend around 2.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models.