Manufacturing production in SA increased by 5.8% year on year (y/y) in July after an upwardly revised 0.9% (0.8%) year-on-year rise in June‚ data released by Statistics SA on Tuesday showed.
The 5.8% y/y increase in manufacturing production was mainly due to higher production in the petroleum‚ chemical products‚ rubber and plastic products sector‚ with a 6.9% rise and a 1.7 percentage point contribution; basic iron and steel‚ nonferrous metal products‚ metal products and machinery‚ with a 9.0% increase and a 1.7 percentage point contribution; and the food and beverages division‚ with a 7.4% increase and a 1.3 percentage point contribution.
Seasonally adjusted manufacturing production increased by 0.1% for the three months ended July compared with the previous three months.
Five of the 10 manufacturing divisions reported positive growth rates over this period. - I-Net Bridge