http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.02
R/$ = 12.07Change: -0.13
Au 1187.17 $/ozChange: -20.08
Pt 1125.50 $/ozChange: -23.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 11, 2012

Manufacturing output increases 5.8% in July

Back
Africa|Export|Nedbank|Petroleum|Stats SA|Africa|Europe|China|United States|Adjusted Manufacturing Production|Chemical Products|Equipment|Food|Machinery|Machinery Divisions|Manufacturing|Manufacturing Divisions|Manufacturing Increase|Manufacturing Production|Metal Products|Nonferrous Metal Products|Plastic Products|Products|Rubber|Steel|Transport Equipment|South Africa|Process Control
Africa|Export|Petroleum||Africa|||Equipment|Manufacturing|Products|Rubber|Steel|||Process Control
africa-company|export|nedbank|petroleum|stats-sa|africa|europe|china|united-states|adjusted-manufacturing-production|chemical-products|equipment|food|machinery|machinery-divisions|manufacturing|manufacturing-divisions|manufacturing-increase|manufacturing-production|metal-products|nonferrous-metal-products|plastic-products|products|rubber|steel|transport-equipment|south-africa-region|process-control
© Reuse this



Manufacturing production increased by 5.8% year-on-year in July, compared with a revised 0.9% expansion in June, Statistics South Africa (Stats SA) reported on Tuesday.

The higher factory output, which Nedbank said was in line with expectations, came on the back of increased production in the petroleum, chemical products, rubber and plastic products; and the basic iron and steel, nonferrous metal products, metals products and machinery divisions, which each contributed 1.7 percentage points.

Food and beverages contributed 1.3 percentage points to the July manufacturing increase.

Nedbank noted that despite the increase in production in July, the outlook for the rest of the year remained relatively bleak. “Recession in Europe, a subdued US economy and slower growth in China and other major emerging markets will weigh on the sector, undermining production, inventories and capital expenditure by the major export-orientated industries,” it said in a report.

Meanwhile, seasonally adjusted manufacturing production for the three months ended July increased by 0.1% compared with the previous three months.

Five of the ten manufacturing divisions reported positive growth rates over this period. The largest contributions to the increase of 0.1% were made by the following divisions: motor vehicles, parts and accessories and other transport equipment (3.7% and contributing 0.4 of a percentage point); food and beverages (2.2% and contributing 0.4 of a percentage point); petroleum, chemical products, rubber and plastic products (1.3% and contributing 0.3 of a percentage point) and electrical machinery (9.7% and contributing 0.3 of a percentage point).

These increases were to a large extent counteracted by lower production recorded for the basic iron and steel, nonferrous metal products, metal products and machinery division (-6.4% and contributing -1.3 percentage points).

Seasonally adjusted sales of manufactured products decreased by 0.5%, which translated to a loss of R1-billion in the three months ended July, compared with the previous three months.

Four of the ten manufacturing divisions reported negative growth rates over this period. The divisions mainly responsible for the decrease in total manufacturing sales were petroleum, chemical products, rubber and plastic products (-3.5% or -R3.2-billion) and basic iron and steel, nonferrous metal products, metal products and machinery (-3.4% or -R2.8-billion).

“Given the complex nature of the constraints weighing on the global economy, conditions in the manufacturing sector are likely to deteriorate during the remainder of this year and into the next.

“Although the market is expecting another rate cut, we expect the manufacturing process control to adopt a wait-and-see approach, ready to act if global conditions worsen dramatically but otherwise content to keep rates unchanged for an extended period if global and local conditions stabilise,” Nedbank commented.
 

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
David Lewis
Updated 15 minutes ago David Lewis‚ head of the country's leading non-governmental anti-graft agency‚ Corruption Watch‚ has criticised Police Minister Nathi Nhleko's report exonerating President Jacob Zuma of having to pay anything for the upgrades to his Nkandla home. Nhleko yesterday...
Updated 1 hour 26 minutes ago While transformational efforts have succeeded in boosting black representation at a managerial level in the metals and engineering sector, these individuals appear to stagnate in middle management positions rather than progressing to senior or top management...
Updated 1 hour 45 minutes ago JSE-listed Afrox has appointed Dorian Devers CFO and Bernd Eulitz chairperson. Devers, who was also Linde Group Africa and UK region FD, took up the position of CFO and executive director on May 28.
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
While strongly welcoming the promulgation of the new Part 101 of South Africa’s civil aviation regulations, governing the commercial operation of civil remotely piloted aircraft (RPAs) in South Africa, the Commercial Unmanned Aircraft Association of Southern Africa...
LSM Distributors has contracted engineering consultancy WSP | Parsons Brinckerhoff Africa to undertake the R100-million restoration of the 54-year-old Kyalami racetrack, situated in Midrand. The restoration will assist in re-establishing it as a venue for...
South African Defence Minister Nosiviwe Mapisa-Nqakula has expressed the hope that the defence budget will be significantly increased over the next five years. She did so while addressing the media in her recent budget vote media briefing. The 2015/2016 defence...
The African Development Bank (AfDB) has been an implementing agency for the Global Environment Facility (GEF) since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released...
PAUL SPEAR Training and development should be an integral and proportionate part of the long-term strategy of all companies, regardless of their size
Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and socioeconomic transformation in the country.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96