South Africa’s manufacturing index shrinks 11,4%
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Reuters
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Published:
2009/11/10 01:24:23 PM
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South Africa’s manufacturing output shrunk by 11,4% year-on-year in volume terms in September compared with a revised 15,2% contraction in August, Statistics South Africa said on Tuesday.
Compared with August, factory production in volume terms rose by a seasonally-adjusted 3,1% in September.
Factory output was up 2,6% in the three months to September compared with the previous three months, also on a seasonally-adjusted basis.
A Reuters survey of 9 economists had predicted a year-on-year decline of 13,0% and monthly growth of 0,9%