THE SMART NEWS SOURCE | Feb 10 2012 15:42 | LAST UPDATED Feb 10 2012 15:42 |
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Eurozone's weak manufacturing output spells slide to recessionA lack of confidence among investors in the prospects for the eurozone has pushed the value of the euro down against the US dollar and the yen. Weak PMI figures signal economic stagnancyThe latest manufacturing figures point to a weak manufacturing sector, which doesn't bode well with Christmas around the corner. SA February manufacturing upManufacturing production in South Africa in February rose 6% year on year, data released by Statistics South Africa on Thursday showed. SA November manufacturing output upSouth Africa's manufacturing output grew by a higher-than-expected 4,6% year-on-year in volume terms in November. SA July manufacturing output upSouth Africa's manufacturing output grew by 7,5% year-on-year in volume terms in July compared with an upwardly revised 9,3% expansion in June. June manufacturing output upSouth Africa's manufacturing output rose by a more-than-expected 8,8% year-on-year in volume terms in June. Factory output slows as recovery wobblesSA's manufacturing output slowed year-on-year in May, adding to recent data that suggests the pace of economic recovery is losing some steam. December manufacturing output up 3,2%South Africa's manufacturing output grew by 3,2% year-on-year in volume terms in December compared with a revised 4,6% contraction in November. SA manufacturing contraction eases, recovery on trackSouth Africa's manufacturing output shrank at a much lower rate in the year to November compared with October. April manfacturing output shrinks by 21,6%SA's manufacturing output shrunk by a record 21,6% year-on-year in volume terms in April compared with a 11,8% contraction in March. |
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