S.Africa's manufacturing production declines by 1.3% year-on-year - CNBC Africa

S.Africa's manufacturing production declines by 1.3% year-on-year

Southern Africa

by Trust Matsilele 0

The decrease in manufacturing production in November 2014 was mainly due to lower production on motor vehicle.

The decrease in manufacturing production in November 2014 was mainly due to lower production on motor vehicle parts, accessories and other transport equipment.

(READ MORE: S.Africa’s manufacturing production declines sharply in May)

According to Stats SA, food and beverages was -1.7 per cent and contributing -0.4 of a percentage point while, glass and non-metallic mineral products to -6.8 per cent and contributing 0.3 of a percentage point.

“Seasonally adjusted manufacturing production increased by 4.1 per cent in the three months ended November 2014 compared with the previous three months,” said the Stats SA.

“All 10 manufacturing divisions reported positive growth rates over this period.”

The main contributors to the 4.1 per cent increase were the motor vehicles, parts and accessories and other transport equipment division (16.7 per cent and contributing 1.4 percentage points).

The basic iron and steel, non-ferrous metal products, metal products and machinery division accounted for 5.5 per cent and contributing 1.1 percentage points.

(READ MOREManufacturing production sees slight decrease in August)

Stats SA also reported seasonally adjusted sales of manufactured products having increased by 3.9 per cent in the three months ended November 2014 compared with the previous three months.

“The manufacturing divisions that were mainly responsible for the increase in total manufacturing sales were basic iron and steel, non-ferrous metal products, metal products and machinery which was a 6.7 per cent surge.”

Comments