South African manufacturing output down 1.1% y/y in November.
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South Africa's manufacturing output fell 1.1% year on year in November after rising by 1.0% in October, statistics agency data showed on Tuesday.
Factory production rose 2.0% month on month in November. Analysts had predicted a 2.3% drop in annual terms and a 1.1% month-on-month drop
The largest negative contributions were made by food and beverages (decreasing by 2.5%); while wood and wood products, paper, publishing and printing fell 4.5% and petroleum, chemical products, rubber and plastic products were down 2.5%.
Factory production rose 2.0% month on month in November. Analysts had predicted a 2.3% drop in annual terms and a 1.1% month-on-month drop
The largest negative contributions were made by food and beverages (decreasing by 2.5%); while wood and wood products, paper, publishing and printing fell 4.5% and petroleum, chemical products, rubber and plastic products were down 2.5%.
