Manufacturing production up 2.9% y/y in Sept
Manufacturing production increased by 2.9% year-on-year in September, with the largest positive contributions made by the motor vehicles, parts and accessories and other transport equipment (43.2% and contributing 3.7 percentage points); and food and beverage (8.1% and contributing 1.9 percentage points) sectors, Statistics South Africa reports.
The largest negative contribution was made by the petroleum, chemical products, rubber and plastic products division (-9.8% and contributing -2.1 percentage points).
Further, seasonally adjusted manufacturing production increased by 4.9% month-on-month in September. This followed month-on-month changes of 2.2% in August and 0.1% in July.
Seasonally adjusted manufacturing production increased by 1.9% in the third quarter, compared with the second quarter. with seven of the ten manufacturing divisions having reported positive growth rates quarter-on-quarter.
The largest positive contributions were made by the motor vehicles, parts and accessories and other transport equipment (21.1% and contributing 1.9 percentage points); food and beverage (4% and contributing 0.9 of a percentage point); and basic iron and steel, non-ferrous metal products, metal products and machinery (3.7% and contributing 0.8 of a percentage point) sectors.
The largest negative contribution was made by the petroleum, chemical products, rubber and plastic products division (-9.2% and contributing two percentage points).
Meanwhile, seasonally adjusted manufacturing sales increased by 4.4% in September, compared with August. This followed month-on-month changes of 1% in August and 0.2% in July.
Seasonally adjusted manufacturing sales increased by 3% in the third quarter, compared with the second quarter.
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