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South Africa Manufacturing Output Rises In January

South Africa’s manufacturing output rose in January, after remaining unchanged in the previous month, preliminary data from Statistics South Africa showed on Thursday.

Manufacturing output rose a non-adjusted 0.3 percent year-on-year in January after remaining stable in December. In November, output rose 0.9 percent.

The biggest positive contribution was from food and beverages, and petroleum, chemical products, rubber and plastic products in January.

The largest negative contribution came from basic iron and steel, non-ferrous metal products, metal products and machinery.

On a monthly basis, manufacturing output declined 2.0 percent in January, reversing a 1.0 percent rise in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com