South Africa's manufacturing production fell 2.1 percent year-on-year in February of 2021, following an upwardly revised 4.2 percent slump in the previous month and compared with market expectations of a 0.4 percent fall. Output continued to decline although less for food & beverages (-0.7 percent vs -6.1 percent in January) and petroleum, chemical products, rubber and plastic products (-8.4 percent vs -14.1 percent). On a seasonally adjusted monthly basis, manufacturing output decreased 1.2 percent, after a revised flat reading in January and against market estimates of a 0.4 percent gain. source: Statistics South Africa
Industrial Production in South Africa averaged 0.65 percent from 1974 until 2021, 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 April of 2021.
Industrial Production in South Africa is expected to be -5.00 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 1.40 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 2.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models.