62207
South Africa Factory Output Contracts 3.6%
South Africa Factory Output Contracts 3.6%

South Africa Factory Output Contracts 3.6%

South Africa Factory Output Contracts 3.6%

South Africa’s manufacturing output shrunk 3.6% year-on-year in February, a worse number than the market expected, after expanding by a revised 0.4% in January, Statistics South Africa said on Tuesday, Reuters reported. Economists polled by Reuters had forecast manufacturing volumes would contract by 0.1% year-on-year in February. On a month-on-month basis, factory production contracted 0.4% and was down 0.8% in the three months to February compared with the previous three months.

 

Short URL : https://goo.gl/AXhRBb
  1. https://goo.gl/CjFekW
  • https://goo.gl/iHhjUp
  • https://goo.gl/P6l1PU
  • https://goo.gl/ni7jQY
  • https://goo.gl/eWQRFp

You can also read ...

Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
Fitch in November affirmed the country’s BB+ stable outlook rating.
Fitch, the ratings agency that cut South Africa’s sovereign...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus