Factory output figures by Stats SA are shocking, says Manufacturing Circle
Data shows manufacturing production recorded a sharp decline in February 2017, falling 3.6% compared to February 2016
11 April 2017 - 18:15
The Manufacturing Circle, which represents major South African industries, says it is shocked by the poor manufacturing production figures, released by Statistics SA on Tuesday. The data shows manufacturing production recorded a sharp decline in February 2017, falling 3.6% compared to February 2016. This was led by petroleum, chemical and plastic products, which fell 6.6%, followed by food and beverages, which fell 3.6%. "These two subsectors alone constitute nearly half of manufacturing production in SA," Manufacturing Circle executive director Philippa Rodseth said.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.