S.Africa manufacturing output up 5.8 pct y/y in July

Reuters    Translate This Article
11 September 2012

JOHANNESBURG (Reuters) - South Africa's manufacturing output grew 5.8 percent year-on-year in volume terms in July, almost in line with market expectations, after a revised 0.9 percent rise in June.

The consensus of economists in a Reuters poll was for factory output to come off the low base from the previous month to 6.0 percent growth in July.

Statistics South Africa said on a month-on-month basis production fell by a seasonally adjusted -1.1 percent but nudged higher by 0.1 percent in the quarter to June compared with the previous three months.

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