Manufacturing output decreases by 2.3% y/y in May

Manufacturing production decreased by 2.3% year-on-year in May, brought down by the industries of motor vehicles, parts and accessories and other transport equipment which declined 19.2%, and subtracted 2.1 percentage points, reveals Statistics South Africa.

A 4.1% decline in the food and beverages sector also served to subtract 0.9 of a percentage point from the overall tally, while an 8.1% decline in the sectors of wood and wood products, paper, publishing and printing contributed to 0.8 of a percentage point cut from the overall figure.