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Financial News: South Africa Manufacturing Output Falls In August

South Africa Manufacturing Output Falls In August

10/12/2020 - 07:48:00 (RTTNews)

(RTTNews) - South Africa's manufacturing output declined in August, data from Statistics South Africa showed on Monday.

Manufacturing output fell 10.8 percent year-on-year in August, following a 10.2 percent decline in July.

The biggest negative contribution came mainly from motor vehicles, parts and accessories and other transport equipment.

On a month-on-month basis, manufacturing output rose 3.6 percent in August, after a 5.9 percent growth in the preceding month.

During three months ended in August, manufacturing output gained 20.7 percent, after a 2.2 percent decrease in the preceding period.

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