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Stats SA notes slight improvement in manufacturing output

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Statistics South Africa‘s latest data shows a slight improvement in manufacturing output. Production increased by 1.1%  in April 2018 compared with the same period last year.

The largest contributions to the increase came from petroleum, chemical products, rubber and plastic products, as well as food and beverages.

Manufacturing production increased by 1,1% in April 2018 compared with April 2017.
The largest positive contributions were made by the following divisions:
– petroleum, chemical products, rubber and plastic products (4,0% and contributing 1,0 percentage point);
and
– food and beverages (2,6% and contributing 0,7 of a percentage point).
The largest negative contributions to the year-on-year growth rate of 1,1% in April 2018 were made by the following
divisions:
–  wood and wood products, paper, publishing and printing (-5,1% and contributing – 0,6 of a percentage point ); and
–  radio, television and communication apparatus and professional equipment

Nedbank chief economist, Dennis Dykes explains.

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