Financial News: South Africa Manufacturing Output Grows 2.6%

South Africa Manufacturing Output Grows 2.6%

03/14/2024 - 09:27:00 (RTTNews)

(RTTNews) - South Africa's manufacturing output expanded for the fourth straight month in January, and at a faster-than-expected pace, data from Statistics South Africa showed on Thursday.

Manufacturing production advanced 2.6 percent year-over-year in January, after a 1.3 percent increase in December. Economists had forecast only a 0.7 percent rise for the month.

The positive contributions to the annual increase were petroleum, chemical products, rubber and plastic products, wood and wood products, paper, publishing and printing, textiles, clothing, leather and footwear, and glass and non-metallic mineral products, the agency said.

On a monthly basis, manufacturing production rebounded 0.8 percent from December, when it dropped by 1.3 percent. Meanwhile, it was expected to increase by 0.5 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Consumers' 12-Month Inflation Expectations Lowest Since Dec 2021 - ECB (30 min(s), 06 sec(s) ago)
(RTTNews) - Euro area consumers' inflation expectations for the next 12 months hit their lowes ...Full Story»

U.S. Consumer Sentiment Dips More Than Previously Estimated In April (26 min(s), 06 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

U.S. Consumer Prices Rise 0.3% In March, Annual Growth Accelerates To 2.7% (36 min(s), 06 sec(s) ago)
(RTTNews) - Closely watched readings on inflation released by the Commerce Department on Friday sh ...Full Story»

Spain Unemployment Rate Rises In Q1 (08 min(s), 06 sec(s) ago)
(RTTNews) - Spain's unemployment rate increased at the start of the year, quarterly data from ...Full Story»

U.S. Consumer Prices Rise In Line With Estimates In March (49 min(s), 06 sec(s) ago)
(RTTNews) - Closely watched readings on inflation released by the Commerce Department on Friday sh ...Full Story»

Russia Central Bank Keeps Key Rate Unchanged (40 min(s), 06 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rates unchanged for the third consecut ...Full Story»

Austria Manufacturing Downturn Continues In April (30 min(s), 06 sec(s) ago)
(RTTNews) - Austria's manufacturing activity deteriorated further in April, though the pace of ...Full Story»

Eurozone Private Sector Credit Growth Remains Weak (54 sec(s) ago)
(RTTNews) - Eurozone private sector credit continued to increase in March but the pace of recovery ...Full Story»