South Africa's manufacturing production rose 1.8% year-on-year in December of 2020, following an upwardly revised 4.1% slump in the prior month and against market expectations of a 1.3% fall. It was the first increase in manufacturing activity since May of 2019, mainly boosted by production of food & beverages (6.4% vs -4.1% in November); motor vehicles, parts, accessories and other transport equipment (18.1% vs 6.4%); basic iron and steel, non-ferrous metal products, metal products and machinery (3.6% vs -5.1%) and wood and wood products, paper, publishing and printing (3.7% vs -1.9%). In 2020, manufacturing output plunged 11% over a year earlier. On a seasonally adjusted monthly basis, manufacturing output went down 0.1%, following a downwardly revised 0.6% decrease and compared with market consensus of a 0.6% fall. source: Statistics South Africa
Industrial Production in South Africa averaged 0.66 percent from 1974 until 2020, reaching an all time high of 18.50 percent in May of 1995 and a record low of -48.70 percent in April of 2020. This page provides - South Africa Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Industrial Production in South Africa is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in South Africa to stand at 4.80 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 3.00 percent in 2022, according to our econometric models.