Mining surprises on the downside but industrial output beats forecasts

SA mining production recorded a surprise decline in January, the first since September last year and the steepest decline since July, according to data published by Stats SA on Thursday.

The agency said mining production fell 3.3% year on year in January compared with downwardly revised 0.2% increase in December and confounding market forecasts of a 0.2% rise.   ..

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