August manufacturing output up 1.5% y/y

10th October 2017

By: Reuters

  

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South Africa's manufacturing output rose by a surprise 1.5% year-on-year in August after contracting by 1.1% in July, Statistics South Africa said on Tuesday.

Economists polled by Reuters had forecast manufacturing volumes would contract by 0.05% year-on-year in August.

Factory production on a month-on-month basis grew by 0.3%, and was up 1.3% in the three months to August compared with the previous three months.

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Edited by Reuters

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