International Courant
One in every 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 development driver, with output rising 1.5%, including 0.2% to complete GDP development.
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 autos, elements and equipment and different transportation gear (contributing 15.1% and 1.4 proportion factors) Primary iron and metal, non-ferrous steel merchandise, steel merchandise and equipment (contributing 5.8% and 1.2 proportion factors)
Nonetheless, seasonally adjusted industrial manufacturing fell by 1.3% from April 2023 to Could 2023.
Beforehand, March recorded a month-on-month development of three.8%, whereas April recorded a development 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 constructive development.
The principle contributors had been:
Petroleum, chemical merchandise, rubber and plastic merchandise (contributing 6.9% and 1.4 proportion factors) Primary iron and metal, non-ferrous steel merchandise, steel merchandise and equipment (contributing 4.6% and 0.9 proportion factors) level
The principle development charges within the quantity of business manufacturing could be discovered beneath:
One other drop in gross sales
Nonetheless, 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%, which 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 development charges at present costs could be seen beneath:
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