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
Latest posts by Insta Forex (see all)
- Treasuries Give Back Ground Following Yesterday's Rally - May 24, 2019
- Gold Futures Come Off 1-week High, Settle Marginally Down - May 24, 2019
- Taiwan Cuts 2019 Growth Forecast On Weaker Tech Export Outlook - May 24, 2019