A person working on a Polaris snowmobile assembly line at their manufacturing and assembly plant [File story]A person working on a Polaris snowmobile assembly line at their manufacturing and assembly plant [File story]
According to Stats SA, the most significant positive contributions came from food and beverages, basic iron and steel, nonferrous metal products, metal products, and machinery. The manufacturing sector was well on a recovery road, however, February data came out disappointing. Data showed a decrease of 1.1% compared to January.of determining international prices, thus impacting the local manufacturing sector.Rand Swiss’ Gary Booysen says with numbers like these there is anticipation to see what the March and April numbers look like for this sector.
“The one concern that you might have about South Africa being again a commodity-driven economy, our currency is starting to be very strong, which is bad for our manufacturing sector going forward.”by the weeklong load shedding that hit the country in February“What have witnessed was also quite broad-based across different parts of the sector which seems to suggest to us that the seven days of load shedding that we had in February affected production across the different parts of the sector.
Meanwhile, seasonally adjusted manufacturing production in the three months ended in February increased by 3.8% compared with the three months prior. Nine of the ten manufacturing divisions reported positive growth rates over this period.
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