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SA March factory output up

Economy

Johannesburg - Growth in South Africa's manufacturing output slowed to 0.7 percent year-on-year in volume terms in March after a revised 1.5 percent growth in February, Statistics South Africa said on Thursday.

On a month-on-month basis, factory production fell 1.9 percent and was down 1.6 percent in the three months to March, compared with the previous three months.

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File picture: Free Images

Economists polled by Reuters had expected year-on-year growth of 2.5 percent for March while factory output was seen down 1 percent on a month-on-month basis. - Reuters

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