SA's factory output up 2.5% y/y in January

Johannesburg - South Africa's manufacturing output rose 2.5 percent year-on-year in volume terms in January after a revised 2.8 percent in December, Statistics South Africa said on Thursday.

On a month-on-month basis factory production was up 0.5 percent and rose 3.4 percent in the three months to January, compared with the previous three months.

File photo. Credit: FREE IMAGES

Economists polled by Reuters had expected year-on-year growth of 1.95 percent and 0.2 percent on a month-on-month basis. - Reuters