Un­der­ly­ing trend still slug­gish

Finweek English Edition - - ECONOMIC TRENDS -

DE­SPITE A SHARP re­bound in man­u­fac­tur­ing out­put in Novem­ber 2010, the un­der­ly­ing trend re­mains slug­gish. Man­u­fac­tur­ing re­cov­ered from the strikes that plagued South Africa’s au­to­mo­tive in­dus­try, which went a long way to ex­plain­ing the sharp re­bound. Ex­ports re­main con­strained by a strong rand. Man­u­fac­tur­ing out­put growth in SA lags that of other emerg­ing mar­ket coun­tries.

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