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Thursday, 14 March 2024 20:40

South African manufacturing output rises 2.6% y/y in January.

By Lehlohonolo Lehana.

South Africa's manufacturing output rose 2.6% year-on-year in January, after rising by a revised 1.3% in December, Statistics South Africa data showed on Thursday.

Director of Industry Statistics Nicolai Claassen said seasonally adjusted manufacturing production increased by 0.8% in January 2024 compared with December 2023.

This followed month-on-month changes of -1.3% in December 2023 and 0.9% in November 2023.

"The largest positive contributions were made by petroleum, chemical products, rubber and plastic products (13.6% and contributing 2.9 percentage points).

"Wood products, paper, publishing and printing (5.0% and contributing 0.5 of a percentage point);

"Textiles, clothing, leather and footwear (6.6% and contributing 0.2 of a percentage point); and glass and non-metallic mineral products (5.2% and contributing 0.2 of a percentage point)," said Claassen.

Seasonally adjusted manufacturing production increased by 0.2% in the three months ended January 2024 compared with the previous three months.

At the same time, seasonally adjusted manufacturing sales increased by 1.6% in the three months ended January 2024 compared with the previous three months.