南アフリカ - 工業生産

South Africa's manufacturing production shrank 0.8% from a year earlier in October 2019, following a 2.4% slump in September and compared with market expectations of a 2.7 percent fall. It was the fifth consecutive month of downturn in industrial activity, though at the softest pace since July. Output fell primarily for wood and wood products, paper, publishing & printing (-6.1%, the same pace as in September); basic iron and steel, non-ferrous metal products, metal products & machinery (-2.2% vs -4.6%); textiles, clothing, leather & footwear (-9.6% vs -6.1%) and glass and non-metallic mineral product (-10.7% vs -6.9%). In contrast, production grew for food & beverages (4% vs 2.6%); motor vehicles, parts (0.4% vs -3.9%) and radio, television and communication apparatus (4.9% vs -1.8%). On a seasonally adjusted monthly basis, industrial production rose 2.7%, recovering from a 2.4% decline in September and beating market estimates of a 0.7% gain.

South Africa's manufacturing production shrank 2.4 percent from a year earlier in September 2019 from a downwardly revised 1.5 percent fall in August and compared with market expectations of a 0.6 percent decrease. It was the fourth consecutive month of downturn in industrial activity, as output fell mainly for basic iron and steel, non-ferrous metal products, metal products & machinery (-4.8 percent vs 7.2 percent in August); wood and wood products, paper, publishing & printing (-6.5 percent vs -6.9 percent); petroleum, chemical products, rubber & plastics (-2.8 percent vs -4.5 percent); motor vehicles, parts and accessories & other transport equipment (-3.6 percent vs 11 percent). On a seasonally adjusted monthly basis, industrial production fell 2.4 percent, after increasing 1.3 percent in the previous month and more than an expected 0.2 percent drop.

South Africa's manufacturing production declined 1.8 percent from a year earlier in August 2019 from a downwardly revised 0.7 percent fall in July and compared with market expectations of a 2.4 percent decrease. It was the third straight month of downturn in factory activity, mainly due to lower production of basic iron and steel, non-ferrous metal products, metal products & machinery (-7 percent vs -4.4 percent); petroleum, chemical products, rubber and plastic products (-4.1 percent vs -7.1 percent) and wood and wood products, paper, publishing and printing (-7.3 percent vs -4.7 percent). Meanwhile, output grew notably for motor vehicles, parts & accessories and other transport equipment (10.9 percent vs 9.0 percent), in particular motor vehicles (14.5 percent vs 8.3 percent). On a seasonally adjusted monthly basis, manufacturing production increased 1.3 percent, following an upwardly revised 0.8 percent gain in July and easily beating market forecasts of a 0.1 percent rise.

South Africa's manufacturing production decreased 1.1 percent from a year earlier in July 2019 from an upwardly revised 3.6 percent slump in the previous month and compared with market expectations of a 1.8 percent decline. Output fell at a softer pace for basic iron and steel, non-ferrous metal products, metal products & machinery (-4.4 percent vs -5.4 percent in June); electrical machinery (-0.7 percent vs -6.5 percent) and furniture & other manufacturing (-2.5 percent vs -5.7 percent). In addition, production rose faster for food, beverages & tobacco (7 percent vs 2.9 percent) and rebounded sharply for motor vehicles, parts, accessories and other transport equipment (7.6 percent vs -0.6 percent). On a seasonally adjusted monthly basis, industrial production went up 0.4 percent, following an upwardly revised 1.9 percent decline in the previous month but below market consensus of a 0.6 percent gain.

South Africa's manufacturing production declined 3.2 percent from a year earlier in June 2019 from a downwardly revised 0.4 percent growth in the previous month and against market expectations of a 1.8 percent rise. It was the first downturn in factory activity since last September. The largest negative contributions were made by petroleum, chemical products, rubber & plastic products (-7.7 percent); basic iron and steel, non-ferrous metal products, metal products & machinery (-5.1 percent) and wood and wood products, paper, publishing & printing (-4.9 percent). Conversely, the only gain was recorded in production of food & beverages (3.7 percent), namely dairy products (9.5 percent). On a seasonally adjusted monthly basis, manufacturing production fell 1.5 percent, after an upwardly revised 1.9 percent decline in May.

South Africa's manufacturing production growth slowed to 1 percent year-on-year in May 2019 from a downwardly revised 4.3 percent in the previous month and below market expectations of 1.4 percent. The largest positive contribution was made by the food and beverages division (6.7 percent), while wood and wood products, paper, publishing and printing division contracted sharply (-3.9 percent). On a seasonally adjusted monthly basis, manufacturing output dropped 1.5 percent in May, reversing a 2.5 percent growth in April.