Manufacturing production in South Africa advanced 35.3 percent year-on-year in May of 2021, following an upwardly revised 88.1 record jump in April, partly due to low base effects from last year when production plunged amid the initial effects of the Covid-19 pandemic. Main positive contributions came from the manufacture of motor vehicles, parts and accessories and other transport equipment (215.7 percent); basic iron and steel, non-ferrous metal products, metal products and machinery (42 percent); food and beverages (21.5 percent) and wood and wood products, paper, publishing and printing (40 percent). On a seasonally adjusted monthly basis, industrial production fell 2.6 percent, following a 1.2 percent decrease in the previous month. source: Statistics South Africa
Industrial Production in South Africa averaged 0.87 percent from 1974 until 2021, reaching an all time high of 88.10 percent in April of 2021 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 August of 2021.
Industrial Production in South Africa is expected to be 1.80 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 -1.60 in 12 months time. In the long-term, the South Africa Manufacturing Production is projected to trend around 2.00 percent in 2022 and 1.70 percent in 2023, according to our econometric models.