South Africa’s manufacturing output up 0.3 pct y/y in January

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

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

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

Reporting by Mfuneko Toyana; Editing by Olivia Kumwenda-Mtambo

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