South 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, Statistics South Africa said on Wednesday.
Compared with June, factory production in volume terms rose by a seasonally adjusted 0,7% in July. Output was up 1,5% in the three months to July compared with the previous three months, also on a seasonally adjusted basis.
A Reuters poll last week predicted a year-on-year increase of 6% in July manufacturing output. — Reuters