Manufacturing production in South Africa declined by 0,8 on an annual basis in September for a second consecutive month.
The data released by Stats SA showed that on a monthly basis, manufacturing production was flat in September compared with August.
Seasonally adjusted output increased by 0,2 in the third quarter of 2024 compared with the previous quarter.
The automotive division was the largest negative contributor declining by 18.7 year on year and subtracting 1.7 percentage points from overall manufacturing growth. Other divisions that performed poorly include textiles and clothing, wood, paper and publishing, and gloss and non-metallic products. Growth was flat for the seal and machinery products," says Director of Industry Statistics at Stats SA Nicolai Claassen.
