Manufacturing output remained tepid in May
Manufacturing grew 1% year on year in May, a little worse than the market expected, and activity dropped off a little compared to April
11 July 2019 - 13:46
SA's manufacturing sector grew a marginal 1% year on year in May, but failed to hold onto a surge experienced in April, when the sector rebounded after being hit by load-shedding in first quarter of 2019.
Output fell 1.5% in May when compared to April, Statistics SA said on Thursday, more than twice the 0.6% contraction forecast in a Bloomberg poll. That consensus had expected a 1.3% year on year rise for the sector...
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