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    SA September manufacturing production up 0.9% y/y

    Manufacturing output turned the corner in September, providing a glimmer of hope that the economy may have avoided recession in the third quarter.
    SA September manufacturing production up 0.9% y/y
    © kodda – 123RF.com

    Manufacturing production increased by 0.9% in September compared with a year ago after contracting by a slightly revised 0.3% (0.2%) in August.

    Higher production in the petroleum, chemical products, rubber and plastic products; and food and beverages divisions supported the improvement in manufacturing production.

    These increases were offset by lower production in the motor vehicles, parts and accessories and other transport equipment; and basic iron and steel, non-ferrous metal products, metal products and machinery divisions.

    Seasonally adjusted manufacturing production increased by 2.2% in September compared with August after increasing by 0.6% in August.

    Seasonally adjusted manufacturing production increased by 1.4% in the third quarter compared with the second quarter, with eight of the ten manufacturing divisions reporting positive growth rates over the period.

    The main contributor to the 1.4% increase was the petroleum, chemical products, rubber and plastic products division.

    Source: BDpro

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

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    Go to: http://www.inet.co.za
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