Manufacturing output in February well below market expectations

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Analysts had expected manufacturing production to rise with the further easing of Covid-19 restrictions

SA manufacturing production only showed a small increase in February after January’s strong performance, suggesting that the growth spiral that was expected to continue could be running out of steam.

Stats SA said on Monday manufacturing production increased by 0.2% year on year in February, decelerating sharply from downwardly revised 2% growth in the prior month and well below the 2.9% Bloomberg consensus...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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