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South Africa Manufacturing Output Growth Slows For Second Month

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