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South Africa’s Manufacturing: Production and Sales Drop 5,9% in December 2019

12 February 2020 – Manufacturing production decreased by 5,9% in December 2019 compared with December 2018. The largest negative contributions were made by the following divisions:

· motor vehicles, parts and accessories and other transport equipment (-24,9% and contributing -1,4 percentage points);

· petroleum, chemical products, rubber and plastic products (-5,9% and contributing -1,4 percentage points);

· wood and wood products, paper, publishing and printing (-9,9% and contributing -1,1 percentage points);

· basic iron and steel, non-ferrous metal products, metal products and machinery (-3,3% and contributing -0,6 of a percentage point); and

· food and beverages (-1,5% and contributing -0,5 of a percentage point).

Seasonally adjusted manufacturing production decreased by 2,8% in December 2019 compared with November 2019. This followed month-on-month changes of -1,8% in November 2019 and 2,9% in October 2019.

In 2019, total manufacturing production decreased by 0,9% compared with 2018. The largest negative contributions were made by the following divisions:

· wood and wood products, paper, publishing and printing (-4,8% and contributing -0,5 of a percentage point);

· basic iron and steel, non-ferrous metal products, metal products and machinery (-1,8% and contributing -0,3 of a percentage point); and

· petroleum, chemical products, rubber and plastic products (-1,5% and contributing -0,3 of a percentage point).

The food and beverages division (3,4% and contributing 0,9 of a percentage point) was the only positive contributor.

Seasonally adjusted manufacturing production decreased by 0,3% in the fourth quarter of 2019 compared with the third quarter of 2019. Seven of the ten manufacturing divisions reported negative growth rates over this period.

The largest negative contributions were made by the following divisions:

· motor vehicles, parts and accessories and other transport equipment (-8,9% and contributing -0,7 of a percentage point); and

· wood and wood products, paper, publishing and printing (-3,8% and contributing -0,4 of a percentage point).

The largest positive contribution was made by the petroleum, chemical products, rubber and plastic products division (5,4% and contributing 1,2 percentage points).