SA factory output disappoints in June
Manufacturing output came in lower than expected in June, with the industry now expected to weigh down GDP in the second quarter
10 August 2021 - 17:34
Manufacturing production performed worse than expected in June, rounding off a second quarter for the sector that could weigh on GDP and points to a still fragile recovery.
Output rose 12.5% year on year in June, below expectations for an increase of 14.7%, according to a Bloomberg forecast, and a sharp slowdown from May’s revised 36.3%...
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