South Africa: Manufacturing activity records best result on record in April

south africa manufacturing activity records best result on record in april

Sumary of South Africa: Manufacturing activity records best result on record in April:

  • Looking at the details of the release, April’s pick up was broad-based, with output growth gaining traction across several sub-sectors..
  • Meanwhile, the trend improved sizably, with the annual average variation of manufacturing production coming in at plus 1.1% in April, contrasting March’s minus 10.3% reading..
  • FocusEconomics Consensus Forecast panelists project manufacturing output to expand 6.2% in 2021, which is unchanged from last month estimate…

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