Mining production in South Africa fell 3.1 percent year-on-year in November 2019, following a downwardly revised 2.1 percent decline in the previous month and compared with market expectations of a 1.25 percent decrease. It was the largest decline in mining production in nine months, as output dropped further for coal (-2.8 percent vs -0.6 percent in October); PGM’s (-13.5 percent vs -6.2 percent); building materials (-13 percent vs -9.5 percent); and nickel (-14.9 percent vs -0.5 percent). Also, production of iron ore dropped 7.5 percent, after rising 11.1 percent in October. Additionally, output growth slowed for other metallic minerals (14.3 percent vs 35 percent) and other non-metallic minerals (20.5 percent vs 30.4 percent). Meanwhile, gold production rebounded (5.2 percent vs -1.4 percent). On a monthly basis, mining output went down 3.5 percent, after increasing an upwardly revised 1.7 percent gain in the prior month. Mining Production in South Africa averaged -0.09 percent from 1981 until 2019, reaching an all time high of 23.20 percent in October of 2013 and a record low of -17.40 percent in March of 2016. source: Statistics South Africa

Mining 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 Mining Production in South Africa to stand at 1.10 in 12 months time. In the long-term, the South Africa Mining Production is projected to trend around 1.40 percent in 2020, according to our econometric models.

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South Africa Mining Production

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -2.10 23.20 -17.40 1981 - 2019 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-12 09:00 AM Mining Production MoM Oct 1.0% 1.1% -1.4%
2019-12-12 09:00 AM Mining Production YoY Oct -2.9% -0.6% -1.8% -3.4%
2020-01-16 09:30 AM Mining Production YoY Nov -3.1% -2.1% -1.25% -1.6%
2020-01-16 09:30 AM Mining Production MoM Nov -3.5% 1.7% 1.3%
2020-02-13 09:30 AM Mining Production YoY Dec -3.1% -5.2%


News Stream
2019-12-12
South Africa Mining Output Falls More than Expected
Mining production in South Africa dropped 2.9 percent year-on-year in October 2019, following a downwardly revised 0.6 percent fall in the previous month and compared with market expectations of a 1.8 percent decline. The largest downward contributions came from production of copper (-41.4 percent); diamonds (-39.9 percent); manganese (-12.5 percent); PGM’s (-4.8 percent); chromium (-2 percent); coal (-1.5 percent); and gold (-1.2 percent). On the other hand, positive contributors were iron ore (11.1 percent); and nickel (1.5 percent). On a monthly basis, mining production rose 1 percent, slowing from a 1.1 percent gain in the prior month.

2019-11-14
South Africa Mining Production Unexpectedly Rises
Mining production in South Africa edged up 0.2 percent year-on-year in September of 2019, following a downwardly revised 3 percent drop in August and beating market expectations of a 2.2 percent decline. The largest positive contributions came from production of iron ore (8.2 percent); other non-metallic minerals (13.6 percent); and other metallic minerals (38 percent). In contrast, the largest downward contributors were diamonds (-15.7 percent); manganese ore (-7.3 percent); and PGMs (-2 percent). On a monthly basis, mining output went up 1.5 percent, rebounding from a flat reading in August. Considering the three months to September, mining production declined 1.6 percent over the previous period, after rising 4.1 percent in the second quarter of the year.

2019-10-10
South Africa Mining Output Unexpectedly Falls in August
Mining production in South Africa shrank 3.2 percent from a year ago in August 2019, following a downwardly revised 1.4 percent rise in July and against market estimates of a 1.9 percent gain. Output declined for PGMs (-12.5 percent vs 2.9 percent); diamonds (-29.8 percent vs -35.6 percent); coal (-3.4 percent vs 8.7 percent); gold (-5.4 percent vs -13.4 percent); iron ore (-7.8 percent vs 9.6 percent) and building materials (-3.5 percent vs 0.3 percent). In addition, production rose less for nickel (0.4 percent vs 18.9 percent); other metallic minerals (35.4 percent vs 56.9 percent). Meanwhile, higher output was recorded for copper (176.5 percent vs -23.8 percent); manganese ore (34.3 percent vs 16.9 percent); other non-metallic minerals (10.9 percent vs 4.5 percent) and chromium ore (0.7 percent vs -8.6 percent). On a seasonally adjusted monthly basis, mining production went up 0.3 percent, recovering slightly from an upwardly revised 4.9 percent slump in the prior month.

2019-09-12
South Africa Mining Output Rises the Most in Over a Year
Mining production in South Africa rose 2.4 percent from a year ago in July 2019, following a downwardly revised 4.1 percent fall in June and below market forecasts of a 4.2 percent increase. It was the largest gain in mining output since June last year, as production rebounded for coal (8.6 percent vs -1.3 percent in June); PGMs (2.7 percent vs -6.3 percent); iron ore (-23.7 percent vs -1.9 percent); building materials (0.6 percent vs -1.9 percent) and nickel (18.9 percent vs -13.1 percent). Additionally, other metallic minerals output advanced further (46.3 percent vs 43.4 percent). Also, production dropped less for gold (-13.1 percent vs -16 percent); chromium ore (-5.7 percent vs -3.8 percent) and copper (-23.8 percent vs -40.6 percent). On a seasonally adjusted basis, mining output went down 3.8 percent, after a downwardly revised 3 percent gain in the prior month.

2019-08-08
South Africa Mining Output Falls the Most in 4 Months
Mining production in South Africa shrank 4.2 percent from a year ago in June 2019, following a 1.5 percent decrease in the prior month and beating market expectations of a 2.1 percent fall. Output decreased for the eighth consecutive month and the most since February. The largest negative contributors were: gold (-16 percent); diamonds (-33.2 percent) and PGMs (-6.3 percent). In contrast, gains were recorded for manganese ore (24.6 percent); other metallic minerals (43.3 percent) and other non-metallic minerals (14.8 percent). On a seasonally adjusted basis, mining production rose 3.3 percent, after an upwardly revised 3.1 percent in the previous month.

2019-07-11
South Africa Mining Output Contracts for 7th Month
Mining production in South Africa shrank 1.5 percent from a year earlier in May 2019, the seventh consecutive month of decline and compared to market forecasts of a 2.5 percent slump. The largest negative contributors were: gold (-24.4 percent), diamonds (-30.7 percent), iron ore (-5.2 percent), and other metallic minerals (-9.8 percent). On the other hand, output growth was recorded for coal (8 percent), PGMs (6.8 percent), and manganese ore (29.3 percent). On a seasonally adjusted monthly basis, mining output increased by 3 percent, reversing a 1.8 percent fall in April.


South Africa Mining Production
In South Africa, the index of the volume of mining production is a statistical measure of the change in the volume of production. Coal is the most important sector and accounts for 24 percent of total mining production, followed by PGMs (23 percent); gold (16 percent); iron ore (12 percent); other non-metallic minerals (6 percent); diamonds (4 percent); manganese ore and chromium ore (3 percent each); other metallic minerals, building materials and nickel (2 percent each), and copper (1 percent).

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 [+]