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Financial News: South Africa's Manufacturing Production Declines In April

South Africa's Manufacturing Production Declines In April

06/08/2017 - 07:41:00 (RTTNews)

(RTTNews) - South Africa's manufacturing production decreased in April after rebounding in the previous month, preliminary figures from Statistics South Africa showed Thursday.

Manufacturing production fell 4.1 percent year-over-year in April, reversing a 0.4 percent rise in March.

The decline in April was mainly due to lower production of petroleum, chemical products, rubber and plastic products, motor vehicles, parts and accessories and other transport equipment, glass and non-metallic mineral products and electrical machinery.

On a monthly basis, manufacturing production climbed a seasonally adjusted 2.3 percent from March, when it slid by 0.8 percent.

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