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S.Africa Manufacturing Output Fall Eases In September 10 days ago
(RTTNews) - Tuesday, a report by Statistics South Africa said the volume of manufacturing output fell 11.4% year-on-year in September, slower than a 15.2% drop in the previous month. Economists expected a 13.1% decline. Output has been falling continuously since October last year.
The value of sales of manufacturing slipped 16.1%, slower than a 19.5% fall in the previous month. Manufacturing sales have been falling continuously since the beginning of this year.
Meanwhile, the seasonally adjusted volume of output rose 3.1% in September from the previous month, while the manufacturing sales were up 2.4%.
In the July to September period, output fell 13.4%, while sales was down 19.1% from last year. In the first nine months of the year, manufacturing output dropped 15.2%, and sales fell 16.3% year-over-year.
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