South Africa’s manufacturing output shrinks 4.1 percent y/y in April

PUBLISHED: Thu, 08 Jun 2017 14:04:30 GMT
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JOHANNESBURG (Reuters) – South Africa’s manufacturing output contracted by 4.1 percent year-on-year in April, much weaker than expected, after nudging up by a revised 0.4 percent in March, Statistics South Africa said on Thursday.

Economists polled by Reuters had forecast manufacturing volumes would contract by 1.6 percent year-on-year in April.

Factory production on a month-on-month basis expanded by 2.3 percent, but was down 0.3 percent in the three months to April compared with the previous three months.

(Reporting by Mfuneko Toyana; Editing by Joe Brock)

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