World Courant
Considered one of South Africa’s most necessary sectors, manufacturing, recorded a decline in manufacturing and gross sales in Could.
Final month, Stats SA mentioned South Africa’s GDP grew 0.4% within the first quarter of 2023 and manufacturing was the primary progress driver, with output rising 1.5%, including 0.2% to complete GDP progress.
On an annual foundation, manufacturing manufacturing elevated by 2.5% in Could 2023 in comparison with Could 2022.
The most important contributions had been made by the next divisions:
Motor automobiles, elements and equipment and different transportation gear (contributing 15.1% and 1.4 proportion factors) Fundamental iron and metal, non-ferrous metallic merchandise, metallic merchandise and equipment (contributing 5.8% and 1.2 proportion factors)
Nevertheless, seasonally adjusted industrial manufacturing fell by 1.3% from April 2023 to Could 2023.
Beforehand, March recorded a month-on-month progress of three.8%, whereas April recorded a progress of 0.7%.
That mentioned, seasonally adjusted industrial manufacturing rose 2.8% within the three months ending Could 2023 in comparison with the earlier three months.
Throughout this era, seven of the ten manufacturing divisions reported optimistic progress.
The primary contributors had been:
Petroleum, chemical merchandise, rubber and plastic merchandise (contributing 6.9% and 1.4 proportion factors) Fundamental iron and metal, non-ferrous metallic merchandise, metallic merchandise and equipment (contributing 4.6% and 0.9 proportion factors) level
The primary progress charges within the quantity of business manufacturing might be discovered under:
One other drop in gross sales
Nevertheless, manufacturing income fell by 2.7% in Could 2023 in comparison with April 2023.
This follows a month-on-month decline of 0.5% in April 2023.
March had a month-over-month gross sales improve of three.9%, that means seasonally adjusted manufacturing gross sales grew 3.8% within the three months ending Could 2023 in comparison with the earlier three months.
The most important contributions got here from the next divisions
meals and drinks (contributing 6.8% and 1.6 proportion factors) petroleum, chemical merchandise, rubber and plastic merchandise (contributing 4.9% and 1.0 proportion factors).
Key manufacturing income progress charges at present costs might be seen under:
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