Connect with us

Economy

Stats SA notes decrease in manufacturing production in Q2 of 2021

Published on

Stats SA has issued its findings on the manufacturing production industry of SA, and noted that there has been a decline in manufacturing production in the second quarter of 2021.

Statistics South Africa (Stats SA), on Tuesday, 10 August 2021, reported that South African manufacturing production had slipped by 1% in the second quarter of 2021, compared to the first quarter of this financial year. It has identified that manufacturers in petroleum, chemicals, rubber and plastic products had registered the biggest decrease of 7,3%.

In its key findings, Stats SA noted that manufacturing production had increased by 12,5% in June 2021, compared to June 2020, with the largest positive contributions reportedly being by the motor vehicles, parts and transport equipment at 84,1%, contributing 4,9 percentage points. Furniture manufacturing contributed 73,5% with 1,4 percentage points; wood, paper, publishing and printing contributed 22.8% and percentage points of 2,3. Basic steel, iron and metal products and machinery contributed 19,2% with 3,5% percentage points, while food and beverages were at 5,9% with 1,9 percentage points.

Stats SA has reported that seasonally adjusted manufacturing had decreased by 0,7% in June 2021, compared to May 2021, with 6 of 10 manufacturing divisions reporting negative growth rates. Stats SA has noted that seasonally adjusted manufacturing sales also decreased by 0,3% in June 2021, compared to May.

See the post below.


Copyright © 2021 Political Analysis South Africa

error: Copyrighted Content