Thursday, June 24, 2021

    South Africa’s March manufacturing output down 1.3 percent yr/yr

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    Naija247news Media, New York
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    JOHANNESBURG (Reuters) – South Africa’s manufacturing output contracted by 1.3 percent year-on-year in March following a revised 0.5 percent expansion in February, the statistics agency said on Thursday.

    Statistics South Africa said factory production on a month-on-month basis increased 1.3 percent in March, but shrunk by 1.7 percent in the three months to March versus the previous three months.

    Reporting by Mfuneko Toyana; Editing by James Macharia

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