Manufacturing production sees slight decrease in August - CNBC Africa

Manufacturing production sees slight decrease in August

Financial

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Seasonally adjusted manufacturing production decreased by 1.4 per cent in the three months ended August 2014. PHOTO: Europes World

This was mainly due to lower production in wood and wood products, paper, publishing and printing, petroleum, chemical products, rubber and plastic products and glass and non-metallic mineral products.

Basic iron and steel, non-ferrous metal products, metal products and machinery and food and beverages also contributed to the drop in production.

However, motor vehicles, parts and accessories and other transport equipment division was a significant positive contributor to manufacturing production, contributing 2.3 percentage points.

(READ MORE: Manufacturing in S.Africa remains fragile)

“Seasonally adjusted manufacturing production decreased by 1.4 per cent in the three months ended August 2014 compared with the previous three months. Eight of the ten manufacturing divisions reported negative growth rates over this period,” Statistics South Africa (Stats SA) said.

“The largest negative contribution to the decrease of 1.4 per cent was made by the basic iron and steel, non-ferrous metal products, metal products and machinery division, contributing -1.0 percentage point.”

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