International Courant
Considered one of South Africa’s most vital sectors, manufacturing, recorded a decline in manufacturing and gross sales in Might.
Final month, Stats SA mentioned South Africa’s GDP grew 0.4% within the first quarter of 2023 and manufacturing was the principle 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 Might 2023 in comparison with Might 2022.
The most important contributions have been made by the next divisions:
Motor autos, elements and equipment and different transportation gear (contributing 15.1% and 1.4 share factors) Primary iron and metal, non-ferrous steel merchandise, steel merchandise and equipment (contributing 5.8% and 1.2 share factors)
Nevertheless, seasonally adjusted industrial manufacturing fell by 1.3% from April 2023 to Might 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 Might 2023 in comparison with the earlier three months.
Throughout this era, seven of the ten manufacturing divisions reported constructive progress.
The principle contributors have been:
Petroleum, chemical merchandise, rubber and plastic merchandise (contributing 6.9% and 1.4 share factors) Primary iron and metal, non-ferrous steel merchandise, steel merchandise and equipment (contributing 4.6% and 0.9 share factors) level
The principle progress charges within the quantity of business manufacturing will be discovered beneath:
One other drop in gross sales
Nevertheless, manufacturing income fell by 2.7% in Might 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%, which means seasonally adjusted manufacturing gross sales grew 3.8% within the three months ending Might 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 share factors) petroleum, chemical merchandise, rubber and plastic merchandise (contributing 4.9% and 1.0 share factors).
Key manufacturing income progress charges at present costs will be seen beneath:
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