S.Africa's February manufacturing output up 1.9 pct y/y

by Reuters 10 views0

S.Africa's February manufacturing output up 1.9 pct y/y

Manufacturing output grew by 1.9 percent year-on-year in February after contracting by a revised 2.6 percent in January, Statistics South Africa said on Thursday.

On a month-on-month basis, factory production was up 1.3 percent, but was down 0.3 percent in the three months to February compared with the previous three months.

A Reuters poll of economists had expected the headline figure to show manufacturing shrinking by 2.1 percent.