Another boost for the manufacturing sector in November
January 10, 2019 / SUNITA MENON
Production from SA’s factories continued to improve in the last quarter of 2018, data from Statistics SA (Stats SA) showed on Thursday. Annual growth in manufacturing production grew 1.6% in November, in line with the Bloomberg consensus, after a higher-than-expected boost of 3% in September.
The biggest growth drivers were a 5.2% rise in food and beverages; and a 6.2% uptick in motor vehicles, parts, and accessories and other transport equipment. However, the basic iron and steel, nonferrous metal products, metal products, and machinery division fell by 1.7%.