Automotive sector a drag on manufacturing in February
Stats SA says automotive and petrochemical industries have dragged production lower, defying forecasts of a moderate rebound
10 April 2025 - 13:36
UPDATED 11 April 2025 - 10:17
SA’s manufacturing sector delivered another disappointing performance in February, with total production contracting 3.2% year on year, according to the latest Stats SA data.
The outcome was worse than the Reuters consensus forecast of a 2.9% drop, but largely in line with the Bloomberg consensus of 3.1%...
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