Manufacturing down for eighth straight month in January
Factory output fell 2% year on year in January, according to data from Stats SA
12 March 2020 - 14:37
Manufacturing fell for the eighth consecutive month in January, recording a broad-based decline as activity dropped in all but one of the country’s manufacturing divisions.
Factory output fell 2% year on year in January according to data from Stats SA, coming off December’s decline when production fell 5.9%. January’s reading was, however, better than the Bloomberg consensus of 10 economists, who were expecting an annual decline of 4.3%. ..
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