JOHANNESBURG (Reuters) – South Africa’s manufacturing output fell 2.3 percent year-on-year in June after contracting by a revised 0.9 percent in May, Statistics South Africa said on Thursday.
Thank you for reading this post, don't forget to subscribe!Economists polled by Reuters had forecast manufacturing volumes would contract by 2.5 percent year-on-year in June.
Factory production on a month-on-month basis was unchanged at 0.0 percent, and was up 1.5 percent in the three months to June compared with the previous three months.
Reporting by Mfuneko Toyana; Editing by James Macharia