South Africa’s manufacturing output continued to decline in October, data from Statistics South Africa showed on Thursday.
Manufacturing output fell 3.4 percent year-on-year in October, following an 1.9 percent decline in September.
The biggest negative contribution came mainly from petroleum, chemical products, rubber and plastic products, basic iron and steel, non-ferrous metal products, metal products and machinery, motor vehicles, parts and accessories and other transport equipment, and wood and wood products, paper, publishing and printing.
On a month-on-month basis, manufacturing output rose 2.6 percent in October, after a 2.9 percent growth in the preceding month. Economists had expected a 1.2 percent rise.
During the three months ended in October, manufacturing output gained 17.2 percent, after a 33.2 percent increase in the preceding period.
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