South Africa Manufacturing Production Index (YoY): -0.7% (January) vs -1.4%

AI Briefing

• – South Africa Manufacturing Production Index decreased by -0.7% in January compared to the same period last year, a slight improvement from the -1.4% decline in December.
• – This represents a decrease in manufacturing production for the 10th consecutive month.
• – The decline is attributed to the ongoing challenges in the automotive sector and a decline in global demand.