South Africa’s manufacturing output decreased for a second consecutive month in July, preliminary data from Statistics South Africa showed on Tuesday.
The manufacturing production decreased an unadjusted 1.1 percent year-on-year following a 3.6 percent drop in June.
The biggest negative contribution came from petroleum, chemical products, rubber and plastic products, which logged an 8 percent fall in output.
The main positive contribution came from food and beverages, which saw a 7 percent growth in production.
On a month-on-month basis, manufacturing production grew 0.4 percent in July after a 1.9 percent slump in the previous month. Output grew for the first time in three months.
The material has been provided by InstaForex Company – www.instaforex.com