STATS SA DATA
Factory slump shows long road to recovery
Manufacturing production fell 10.8% in August from the year before, Stats SA data shows
12 October 2020 - 13:54
UPDATED 12 October 2020 - 23:03
A 15th consecutive decline in annual manufacturing production in August underscored the long road ahead for a sector that accounts for 11% of the economy as it works to fully recover from the Covid-19 crisis.
The data came ahead of Thursday’s announcement of President Cyril Ramaphosa’s economic recovery plan, which economists hope will contain concrete plans to help revive industries battling headwinds such as power shortages...
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.