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South Africa’s manufacturing up 1% y/y in May

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)

A worker inspects cars at Nissan's manufacturing plant in Rosslyn

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