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Decreased manufacturing output shows South Africa is lagging behind in its industrialization efforts

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MANUFACTURING production decreased by 8.9% year-on-year in October, Statistics South Africa (Stats SA) reported on December 9.

The largest negative contributions were made by petroleum, chemical products, rubber and plastic products (-17.5% and contributing -4.1 percentage points); basic iron and steel, non-ferrous metal products, metal products and machinery (-14.1% and contributing -2.7 percentage points); and motor vehicles, parts and accessories and other transport equipment (-13.4% and contributing -1.2 percentage points).

Seasonally adjusted manufacturing production decreased by 5.9% in October compared with September, which followed month-on-month changes of 3% in September and 7.2% in August.

The seasonally adjusted manufacturing production for the three months to October 31 increased by 0.9% compared with the previous three months, and five of the ten manufacturing divisions reported positive growth rates over this period, Stats SA said.

The largest positive contributions were made by food and beverages (5.8% and contributing 1.4 percentage points); and

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