South Africa’s manufacturing output slowed for the second straight month in December, preliminary data from Statistics South Africa showed on Tuesday.
Manufacturing output edged up a non-adjusted 0.1 percent year-on-year in December following a 1.3 percent increase in November and a 3.0 percent gain in October.
Food and beverages, motor vehicles, parts and accessories and other transport equipment, and glass and non-metallic mineral products made the biggest positive contributions in December.
Negative contributions came from petroleum, chemicals, rubber and plastic products, iron and steel, non-ferrous metal products, metal products and machinery industries.
Compared to the previous month, manufacturing output rose 0.7 percent following a 0.4 percent rise in November.
The material has been provided by InstaForex Company – www.instaforex.com
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