Manufacturing activity contracts for fourth month running
Stats SA says ongoing power cuts limited recovery in the sector and reduced production volumes
11 August 2022 - 13:37
UPDATED 11 August 2022 - 20:07
Manufacturing activity contracted for the fourth month in a row in June, Stats SA said on Thursday, as ongoing power cuts limited recovery in the sector and reduced production volumes.
Manufacturing production sank 3.5% year on year, higher than the expected 2.5%. This was worse than the 2.3% fall in May, but better than the 7.6% plunge in April...
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