South Africa's manufacturing production slumped 3.6 percent from a year earlier in November 2019, following a 0.8 percent fall in October. It was the sixth straight month of declines in industrial activity and at the quickest pace since June. Main decreases were recorded in production of wood and wood products, paper, publishing and printing (-9.3 percent vs -5.7 percent); motor vehicles, parts and accessories & other transport equipment (-10 percent vs 0.6 percent); petroleum, chemical products, rubber & plastic products (-2.6 percent vs -0.5 percent); textiles, clothing, leather and footwear (-13.3 percent vs -9.5 percent) and basic iron and steel, non-ferrous metal products, metal products and machinery (-2.5 percent vs -2.4 percent). Output only increased for food & beverages (1.3 percent vs 4 percent). On a seasonally adjusted monthly basis, industrial production shrank 1.5 percent, after a downwardly revised 2.5 percent rise in October. Industrial Production in South Africa averaged 0.93 percent from 1974 until 2019, reaching an all time high of 18.50 percent in May of 1995 and a record low of -23.20 percent in April of 2009. source: Statistics South Africa

Industrial Production in South Africa is expected to be -1.40 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 1.50 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 1.30 percent in 2020, according to our econometric models.


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South Africa Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-3.60 -0.80 18.50 -23.20 1974 - 2019 percent Monthly
2015=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 11:00 AM Aug -1.8% -0.7% -2.4% -2%
2019-11-07 11:00 AM Sep -2.4% -1.5% -0.6% -1.2%
2019-12-10 11:00 AM Oct -0.8% -2.4% -2.7% -1.9%
2020-01-09 11:00 AM Nov -3.6% -0.8% -1.6%
2020-02-11 11:00 AM Dec -3.6% -2.1%


News Stream
2019-12-10
South Africa Factory Output Falls Less than Expected
South Africa's manufacturing production shrank 0.8% from a year earlier in October 2019, following a 2.4% slump in September and compared with market expectations of a 2.7 percent fall. It was the fifth consecutive month of downturn in industrial activity, though at the softest pace since July. Output fell primarily for wood and wood products, paper, publishing & printing (-6.1%, the same pace as in September); basic iron and steel, non-ferrous metal products, metal products & machinery (-2.2% vs -4.6%); textiles, clothing, leather & footwear (-9.6% vs -6.1%) and glass and non-metallic mineral product (-10.7% vs -6.9%). In contrast, production grew for food & beverages (4% vs 2.6%); motor vehicles, parts (0.4% vs -3.9%) and radio, television and communication apparatus (4.9% vs -1.8%). On a seasonally adjusted monthly basis, industrial production rose 2.7%, recovering from a 2.4% decline in September and beating market estimates of a 0.7% gain.

2019-11-07
South Africa Factory Output Falls More than Expected
South Africa's manufacturing production shrank 2.4 percent from a year earlier in September 2019 from a downwardly revised 1.5 percent fall in August and compared with market expectations of a 0.6 percent decrease. It was the fourth consecutive month of downturn in industrial activity, as output fell mainly for basic iron and steel, non-ferrous metal products, metal products & machinery (-4.8 percent vs 7.2 percent in August); wood and wood products, paper, publishing & printing (-6.5 percent vs -6.9 percent); petroleum, chemical products, rubber & plastics (-2.8 percent vs -4.5 percent); motor vehicles, parts and accessories & other transport equipment (-3.6 percent vs 11 percent). On a seasonally adjusted monthly basis, industrial production fell 2.4 percent, after increasing 1.3 percent in the previous month and more than an expected 0.2 percent drop.

2019-10-10
South Africa Manufacturing Output Falls for 3rd Month
South Africa's manufacturing production declined 1.8 percent from a year earlier in August 2019 from a downwardly revised 0.7 percent fall in July and compared with market expectations of a 2.4 percent decrease. It was the third straight month of downturn in factory activity, mainly due to lower production of basic iron and steel, non-ferrous metal products, metal products & machinery (-7 percent vs -4.4 percent); petroleum, chemical products, rubber and plastic products (-4.1 percent vs -7.1 percent) and wood and wood products, paper, publishing and printing (-7.3 percent vs -4.7 percent). Meanwhile, output grew notably for motor vehicles, parts & accessories and other transport equipment (10.9 percent vs 9.0 percent), in particular motor vehicles (14.5 percent vs 8.3 percent). On a seasonally adjusted monthly basis, manufacturing production increased 1.3 percent, following an upwardly revised 0.8 percent gain in July and easily beating market forecasts of a 0.1 percent rise.

2019-09-10
South Africa Factory Output Falls Less in July
South Africa's manufacturing production decreased 1.1 percent from a year earlier in July 2019 from an upwardly revised 3.6 percent slump in the previous month and compared with market expectations of a 1.8 percent decline. Output fell at a softer pace for basic iron and steel, non-ferrous metal products, metal products & machinery (-4.4 percent vs -5.4 percent in June); electrical machinery (-0.7 percent vs -6.5 percent) and furniture & other manufacturing (-2.5 percent vs -5.7 percent). In addition, production rose faster for food, beverages & tobacco (7 percent vs 2.9 percent) and rebounded sharply for motor vehicles, parts, accessories and other transport equipment (7.6 percent vs -0.6 percent). On a seasonally adjusted monthly basis, industrial production went up 0.4 percent, following an upwardly revised 1.9 percent decline in the previous month but below market consensus of a 0.6 percent gain.

2019-08-08
South Africa Factory Output Unexpectedly Falls 3.2%
South Africa's manufacturing production declined 3.2 percent from a year earlier in June 2019 from a downwardly revised 0.4 percent growth in the previous month and against market expectations of a 1.8 percent rise. It was the first downturn in factory activity since last September. The largest negative contributions were made by petroleum, chemical products, rubber & plastic products (-7.7 percent); basic iron and steel, non-ferrous metal products, metal products & machinery (-5.1 percent) and wood and wood products, paper, publishing & printing (-4.9 percent). Conversely, the only gain was recorded in production of food & beverages (3.7 percent), namely dairy products (9.5 percent). On a seasonally adjusted monthly basis, manufacturing production fell 1.5 percent, after an upwardly revised 1.9 percent decline in May.

2019-07-11
South Africa Manufacturing Output Rises at Slower Pace
South Africa's manufacturing production growth slowed to 1 percent year-on-year in May 2019 from a downwardly revised 4.3 percent in the previous month and below market expectations of 1.4 percent. The largest positive contribution was made by the food and beverages division (6.7 percent), while wood and wood products, paper, publishing and printing division contracted sharply (-3.9 percent). On a seasonally adjusted monthly basis, manufacturing output dropped 1.5 percent in May, reversing a 2.5 percent growth in April.


South Africa Manufacturing Production
In South Africa, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.

South Africa Business Last Previous Highest Lowest Unit
Business Confidence 26.00 21.00 92.00 12.00 points [+]
Manufacturing PMI 47.10 47.70 57.89 38.38 points [+]
Industrial Production -3.60 -0.80 18.50 -23.20 percent [+]
Industrial Production Mom -1.50 2.50 9.10 -8.70 percent [+]
Capacity Utilization 80.40 81.70 86.20 76.90 percent [+]
Changes in Inventories -9526.00 27391.00 66699.00 -59774.00 ZAR Million [+]
Bankruptcies 219.00 178.00 511.00 63.00 Companies [+]
Total Vehicle Sales 41698.00 44670.00 65689.00 18482.00 [+]
Car Registrations 28965.00 31403.00 43659.00 5155.00 [+]
Leading Economic Index 0.70 -0.70 4.70 -3.70 percent [+]
Internet Speed 6736.79 6595.61 6736.79 685.91 KBps [+]
IP Addresses 4274668.00 3727821.00 6727656.00 520279.00 IP [+]
Mining Production -3.10 -2.10 23.20 -17.40 percent [+]
Steel Production 384.90 501.90 885.00 182.00 Thousand Tonnes [+]
Coincident Index 93.10 92.70 141.17 88.12 points [+]
Competitiveness Index 62.44 60.76 62.44 4.31 Points [+]
Competitiveness Rank 60.00 67.00 67.00 35.00 [+]
Composite Pmi 47.60 48.60 52.70 46.40 points [+]
Ease of Doing Business 84.00 82.00 84.00 32.00 [+]
Electricity Production 20653.00 21571.00 23801.00 10439.00 Gigawatt-hour [+]
Corruption Index 43.00 43.00 56.80 41.00 Points [+]
Corruption Rank 73.00 71.00 73.00 23.00 [+]
Gold Production 5.20 -1.40 75.70 -47.10 percent [+]