Manufacturing sector continues to underperform

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(iStock)
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Johannesburg – Manufacturing production was up 0.8% in January 2017, but this is still below levels of productions recorded before the global financial market crisis, according to Statistics South Africa which released data on manufacturing production on Tuesday.

The contributors to growth were basic iron and steel, non-ferrous metal products, metal products and machinery, up 3.5%. Petroleum, chemicals, rubber and plastic products were up 1.7% and furniture and “other” manufacturing was up 21.6%.

However, manufacturing production declined 0.4% for the three months leading up to January 2017. Among the negative contributors for the quarter were petroleum, chemical products, rubber and plastic products, down 1.3%. Motor vehicles, parts and accessories and other transport equipment was down 3.4%. Food and beverages shed 0.6%. Wood and wood products, paper, publishing and printing also came down 1.2%.

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