May factory output falls

Comment on this story


111Manufacturing1

http://www.sxc.hu/

Johannesburg - South Africa's manufacturing output contracted by 3.7 percent year-on-year in volume terms in May after shrinking by a revised 1.9 percent in April, Statistics South Africa said on Thursday.

On a month-on-month basis, factory production was down by 3.3 percent, and fell 2 percent in the three months to May compared with the previous three months.

Economists polled by Reuters expected factory output to contract by 1.5 percent year-on-year in May and by 0.2 percent on a month-on-month basis. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
Sudoku