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SA’s manufacturing output up 0.3% y/y in January

On a month-on-month basis factory production contracted by 2% in January, Statistics South Africa.

FILE: Picture: Pixabay.com.

JOHANNESBURG - South Africa’s manufacturing output barely grew in January, rising by 0.3% year-on-year after a flat reading of 0% in December, the statistics agency said on Thursday.

Economist polled by Reuters had forecast a rise of 1.2% year-on-year in January.

On a month-on-month basis factory production contracted by 2% in January, Statistics South Africa.