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Send  Print  Share  RSS  Twitter  10 Dec 2009

SA Oct manufacturing output 9.3% y/y v 11.4% (3)

 
Johannesburg, Dec 9 (I-Net Bridge) - The physical volume of manufacturing in South Africa in October was reported at an improved 9.3% year-on-year (y/y) from 11.4% in September, data provided by Statistics South Africa (Stats SA) on Wednesday shows.
"The seasonally adjusted manufacturing production index for October 2009 is the highest thus far for 2009," said Stats SA.
Actual estimated production in all divisions was still at a lower level in October 2009 than in October 2008 with the biggest contributor the basic iron and steel, non-ferrous metal products, metal products and machinery division (- 11.7% and contributing 2.4 percentage points), followed by the wood and wood products, paper, publishing and printing division (-18.1% and contributing 1.8 percentage points), the motor vehicles, parts and accessories and other transport equipment division (-12.9% and contributing 1.3 percentage points)
and the furniture and other manufacturing division (-18.2% and contributing - 1.0 percentage point).
The seasonally adjusted manufacturing production for the three months ended October 2009 increased by 1.6% compared with the previous three months ended July 2009, lower than the 2.7% increase in the third quarter of 2009. Higher production levels were reported by six of the ten manufacturing divisions during the latest three months, said Stats SA.
The increase was driven mainly by higher production in the basic iron and steel, non-ferrous metal products, metal products and machinery division (5.2% and contributing 1.0 percentage point), the petroleum, chemical products, rubber and plastic products division (2.9% and contributing 0.7 of a percentage point), the motor vehicles, parts and accessories and other transport equipment division (4.2% and contributing 0.4 of a percentage point) and the furniture and other manufacturing division (1.4% and contributing 0.1 of a percentage
point).
However, these increases were partially counteracted by decreases reported by the textiles, clothing, leather and footwear division (-5.7% and contributing 0.3 of a percentage point), the wood and wood products, paper, publishing and printing division (-2.0% and contributing 0.2 of a percentage point), the food and beverages division and the radio, television and
communication apparatus and professional equipment division (each contributing 0.1 of a percentage point).
I-Net Bridge.
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