South Africa’s manufacturing output up 0.1 pct y/y in December

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JOHANNESBURG (Reuters) – South Africa’s manufacturing output rose by 0.1 percent year on year in December, following a revised 1.3 increase in November, the statistics agency said on Tuesday.

Economist polled by Reuters had forecast a rise of 1.7 percent in year-on-year terms in December.

On a month-on-month basis factory production rose by 0.7 percent in December, Statistics South Africa.

Reporting by Olivia Kumwenda-Mtambo; Editing Tiisetso Motsoeneng

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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