South Africa's manufacturing production shrank 2.6% over a year earlier in September of 2020, following an upwardly revised 11.1% plunge in August and compared with market expectations of a 7.4% slump. It was the smallest decline in industrial activity since February, amid the further easing of lockdown restrictions in mid-September. Output fell less for petroleum, chemical products, rubber & plastics (-1.9% vs -6.1% in August); basic iron & steel, non-ferrous metals, metals & machinery (-7.5% vs -11.7%); electrical machinery (-3.2% vs -14.5%) and motor vehicles, parts and accessories & others (-12.7% vs -32.9%). Also, production rebounded for food & beverages (4.2% vs -6%); glass and non-metallic mineral products (2.7% vs -8.1%) and textiles, clothing & footwear (1.9% vs -9.4%). On a monthly basis, industrial production grew 3.2%, after a downwardly revised 3.3% increase in August and beating expectations of a 1.2% rise. In the Q3 of 2020, industrial activity grew 32.9%. source: Statistics South Africa
Industrial Production in South Africa averaged 0.67 percent from 1974 until 2020, reaching an all time high of 18.50 percent in May of 1995 and a record low of -48.90 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 November of 2020.
Industrial Production in South Africa is expected to be -25.00 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 -1.80 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 1.80 percent in 2021 and 3.00 percent in 2022, according to our econometric models.