JOHANNESBURG – South Africa’s manufacturing output expanded by 0.4 percent year-on-year in July, well below expectations after rising by a revised 4.7 percent in June, Statistics South Africa said on Thursday.
On a month-on-month basis, factory production was down 1.5 percent, but rose 1.7 percent in the three months to July compared with the previous three months.
A Reuters poll of economists had expected the headline figure to show manufacturing grew by 3 percent.(Reuters)