Finweek English Edition

MANUFACTUR­ING DOWN -4.1%

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SA’s manufactur­ing output fell 4.1% year-on-year in July after rising by a revised 11.9% in June, reported Stats SA. Factory production contracted 8% month-on-month in July and fell 5.5% in the three months to end-July compared to the previous three months. Thanda Sithole, senior economist at FNB, said while the manufactur­ing purchasing managers’ index (PMI) showed a solid recovery in manufactur­ing activity in August, the impact of the July unrest, the global shortage of raw materials (and semiconduc­tors) and higher input costs could delay the recovery of manufactur­ing activity.

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