SA June factory output up 1%

Johannesburg - South Africa's manufacturing production unexpectedly grew by 0.5 percent year-on-year in volume terms in June after contracting by a revised 3.8 percent in May, Statistics South Africa said on Thursday.

On a month-on-month basis, factory production was up 1.4 percent, but fell 0.4 percent in the three months to June compared with the previous three months.

File picture: Free Images. Credit: FREE IMAGES

Economists polled by Reuters expected factory output to contract by 2.1 percent year-on-year in June and by 1 percent on a month-on-month basis. - Reuters