South African manufacturing output falls 0.7% in January
South Africa's manufacturing output fell 0.7% year-on-year in January, following a 1.5% drop in December. Factory production rose 1.5% on a monthly basis.
Xurve View
Xurve View
Manufacturing production in South Africa contracted by 0.7% year-on-year in January, according to data released by the national statistics agency on Thursday. This figure marks a slight improvement from the 1.5% year-on-year decline seen in December. On a month-on-month basis, factory production increased by 1.5% in January, rebounding from a 1.3% decrease in December. The statistics suggest that while the sector continues to face year-on-year headwinds, there was a notable uptick in manufacturing activity at the start of the new year.
