Picture: THINKSTOCK
Picture: THINKSTOCK

South African factories are battling with difficult trading conditions on the international and domestic front.

Economists forecasted growth of at least 2.2% but manufacturing output grew a tepid 0.7% in June from a revised 2% in May, pointing to a worrying growth rate that will weigh on second-quarter GDP.

The biggest negative contributor was motor vehicles and parts, while the largest positive contributor was the food and beverage industry.

Manufacturing Circle executive director Philippa Rodseth joined Business Day TV to discuss the numbers and future of the industry.

 

Manufacturing Circle executive director Philippa Rodseth talks to Business Day TV about the June’s disappointing manufacturing data

Please sign in or register to comment.