ECONOMIC WEEK AHEAD: Manufacturing production outcomes take centre stage
03 November 2019 - 17:48
Manufacturing production will be in focus in the coming week with economists expecting a fourth consecutive contraction as the sector remains under pressure.
Data from Stats SA is expected to show that activity in the manufacturing sector decreased in September. According to Bloomberg, the median forecast is for a contraction of 0.8%. The sector, which contributes about 14% of GDP, shrank 1.8% in August, strained by weak consumer demand and uncertain export growth prospects...
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