South Africa manufacturing output falls in August
South Africa manufacturing production declined 4.3 percent year-on-year in August following a 1.1 percent increase in July. Factory output also decreased 3.1 percent on a monthly basis according to official statistics agency data released on Thursday.
South Africa's manufacturing output fell 4.3% year-on-year in August, reversing a 1.1% expansion recorded in July. Statistics agency data showed the downturn on Thursday morning, highlighting unexpected contraction across industrial sectors. Factory production dropped 3.1% month-on-month following a 2.2% increase in July.
