Lower production drives down S.African manufacturing by 2.3% - CNBC Africa

Lower production drives down S.African manufacturing by 2.3%

Southern Africa

by Trust Matsilele 0

Radio, television and professional equipment contributed -0.5 per cent towards manufacturing figures. PHOTOS: Getty Images

Manufacturing production fell 2.3 per cent year-on-year in January 2015 compared with January 2014, Statistics South Africa (Stats SA) said.

(READ MORE: S.Africa’s manufacturing production declines by 1.3% year-on-year)

“The 2.3 per cent year-on-year decrease in manufacturing production in January 2015 was mainly due to lower production,” read the statement.

According to Stats SA, radio, television and communication apparatus and professional equipment was estimated at -27.9 per cent and contributing -0.5 of a per cent point.

Food and beverages was at -1.8 per cent and contributing -0.5 of a per cent while glass and non-metallic mineral products were at -9.8 per cent and contributing 0.4 of a per cent.

Stats SA added that petroleum, chemical products, rubber and plastic products was at -1.6 per cent and contributing -0.4 of a per cent.

“Seasonally adjusted manufacturing production decreased by 0.6 per cent in the three months ended January 2015 compared with the previous three months. Five of the ten manufacturing divisions reported negative growth rates over this period,” said the organisation.

“The main contributors to the 0.6 per cent decrease were the motor vehicle parts and accessories and other transport equipment division was at -5.1 per cent and contributing -0.5 of a percentage point."

(READ MORE: Manufacturing production sees slight decrease in August)

The organisation also reported seasonally adjusted sales of manufactured products having decreased by 1.9 per cent in the three months ended January 2015 compared with the previous three months.

“The manufacturing divisions that were mainly responsible for the decrease in total manufacturing sales were motor vehicles, parts and accessories and other transport equipment.” 

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