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Manufacturing in SA: Do you want the good news or the bad news?

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(iStock)
(iStock)

Cape Town – Statistics South African and the Bureau for Economic Research (BER) released two separate data sets on Thursday with some good and bad news coming from the domestic manufacturing sector.

Stats SA said manufacturing production increased by 1.9% in in November 2016 compared with November 2015, while the BER said the manufacturing Purchasing Managers’ Index (PMI) remained stuck below the neutral 50-point for a fifth straight month in December 2016.

Stats SA said the November improvement was due to higher production in the basic iron and steel, non-ferrous metal products, metal products and machinery sector (6.1% and contributing one percentage point); the food and beverages sector (2.3% and contributing 0.6 of a percentage point); and the wood and wood products, paper, publishing and printing sector (2.7% and contributing 0.3 of a percentage point).

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