South Africa’s manufacturing output declined after a softer pace in February, data from Statistics South Africa showed on Thursday.
Manufacturing output declined 2.1 percent year-on-year in February, following a 4.2 percent fall in January.
The largest negative contributions came from petroleum, chemical products, rubber and plastic products, basic iron and steel, non-ferrous metal products, metal products and machinery, and furniture and ‘other’ manufacturing.
On a month-on-month basis, manufacturing output decreased 1.2 percent in February, after remaining unchanged in the preceding month. Economists had expected a 0.4 percent rise.
During the three months ended in February, manufacturing output gained 0.3 percent, after a 2.0 percent increase in the preceding period.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx