JOHANNESBURG - South Africa’s manufacturing output was down 1.8% year-on-year in August after contracting by a revised 0.7% in July, the statistics agency said on Thursday.
On a month-on-month basis factory production inched up 1.3% in August, Statistics South Africa said.
%%%twitter https://twitter.com/hashtag/Manufacturing?src=hash&ref_src=twsrc%5Etfw">#Manufacturingactivity fell by 1,8% y/y in August 2019, mainly due to a decrease in iron & #steel, metals and machinery production. Manufacturing production was up by 1,3% m/m
Listen here for more: https://t.co/iXG7eYUzhl #StatsSA pic.twitter.com/4hlP6Q5dmL
— Stats SA (@StatsSA)
%%%twitter https://twitter.com/hashtag/Mining?src=hash&ref_src=twsrc%5Etfw">#Miningactivity slowed by 3,2% y/y in August 2019, mostly a result of lower production in #PGMs, #diamonds& coal. #Gold saw its 23rd consecutive month of y/y decline, recording a 5,4% fall in production
Read more here: https://t.co/Nmmqnb7uqH #StatsSA pic.twitter.com/h6zD7AtlJe
— Stats SA (@StatsSA)
Seasonally adjusted mining production increased by 0,3% in August 2019 compared with July 2019. This followed month-on-month changes of -4,9% in July 2019 and 2,4% in June 2019.
Seasonally adjusted mining production increased by 1,3% in the three months ended August 2019 compared with the previous three months. The largest positive contributors were manganese ore (12,5% and contributing 0,8 of a percentage point) and ‘other’ non-metallic minerals (14,2% and contributing 0,8 of a percentage point).
Key findings regarding mineral sales:
Mineral sales increased by 7,1% year-on-year in August 2019.
- The largest positive contributors were:
- iron ore (31,2% and contributing 3,3 percentage points);
- PGMs (15,2% and contributing 3,3 percentage points);
- gold (19,0% and contributing 2,8 percentage points)
- ‘other’ metallic minerals (67,6% and contributing 1,6 percentage points).
Seasonally adjusted mineral sales at current prices decreased by 2,5% in August 2019 compared with July 2019. This followed month-on-month changes of 3,2% in July 2019 and -2,1% in June 2019.
In the three months ended August 2019 the seasonally adjusted value of mineral sales at current prices was 0,9% lower compared with the previous three months.