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Financial News: South Africa Manufacturing Output Drops In June

South Africa Manufacturing Output Drops In June

08/08/2019 - 09:36:00 (RTTNews)

(RTTNews) - South Africa's manufacturing output declined in June, preliminary data from Statistics South Africa showed on Thursday.

Manufacturing output dropped a non-adjusted 3.2 percent year-on-year in June, following a 0.4 percent rise in May.

The biggest negative contribution came from petroleum, chemical products, rubber and plastic products, basic iron and steel, non-ferrous metal products, metal products and machinery, and wood and wood products, paper, publishing and printing.

On a monthly basis, manufacturing output fell 1.5 percent in June, following a 1.9 percent in the previous month. Output dropped for a second straight month.

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