Manufacturing rises in August, but the outlook is grim
Heavy load-shedding in September and the strike at Transnet bode ill for the remainder of 2022
11 October 2022 - 15:11
UPDATED 11 October 2022 - 19:02
Manufacturing production defied expectations to increase for a second straight month in August, though 25 days of power outages in September and the ongoing strike at Transnet are expected to weigh on manufacturing and GDP growth for the remainder of the year
Stats SA on Tuesday said industrial production rose 1.4% year on year, with six of the 10 manufacturing divisions covered recording a rise in activity, driven chiefly by the automotive sector...
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