Woman works at clothing factory at the industrial town of Newcastle
South Africa’s manufacturing up 1% y/y in May
Thu, 11 Jul, 2019 - 13:14
JOHANNESBURG (Reuters) – South Africa’s manufacturing output rose 1% year-on-year in May after increasing by a revised 4.3% in April, the statistics agency said on Thursday.
Economists polled by Reuters had forecast a 1.4% year-on-year expansion.
On a month-on-month basis factory production fell by 1.5% in May after a 2.8% expansion in the previous month, said Statistics South Africa.
(Reporting by Mfuneko Toyana; Editing by Alison Williams)
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