Manufacturing output contracted more than expected in February, extending an almost 21-month decline in production, as structural constraints such as power shortages and lack of investment continue to weigh on SA’s pandemic-hit economy.

The country’s overall factory output decreased an annual 2.1% in February, after a revised 4.2% decline the previous month, Stats SA said in a report on Thursday. The drop in production was led by declines in the output of petroleum, chemicals, rubber, plastics, furniture and metal products and was worse than the 0.3% drop predicted by the median estimate of seven analysts polled by Bloomberg before the report. Seasonally adjusted manufacturing output decreased 1.2% in February 2021 compared with the month before...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now