Advertise with fastmoving.co.za
 
 

Manufacturing confidence down - survey
Manufacturing confidence down - survey

Manufacturing confidence down - survey

FMCG SUPPLIER NEWS

Fin24 - Jun 11th 2012, 08:13

Johannesburg – Manufacturing business confidence plunged 18 index points to 29 in the second quarter‚ a Bureau for Economic Research (BER) manufacturing survey released on Friday shows. 

This follows the release of weak manufacturing production figures on Thursday from Statistics SA.

This is the lowest level of manufacturing business confidence in two years‚ and indicates the extent to which manufacturers are losing confidence in current operating conditions.

BER economist Christelle Grobler said that although some specific trends warrant concern regarding the sustainability of the slow recovery in the manufacturing sector‚ the drop in confidence is somewhat sharper that expected 

Related News

SA expected to sow fewer maize hectares than in previous seasons
26/11/2019 - 10:06
South African farmers are expected to sow 2.8% fewer hectares of the food staple maize next season than forecast in October after the planting season was delayed by rains, a Reuters survey of analysts showed.

Manufacturing sentiment improved in October
05/11/2019 - 12:52
Manufacturing activity recovered in October, improving on the previous month’s revised figures and beating market expectations.

Global wine output falls this year after bumper 2018
01/11/2019 - 11:17
Global wine production fell about 10% this year, with major producers France, Italy, and Spain hit the most by unfavourable weather conditions, according to a leading international body.

President Cyril Ramaphosa launches SA's first smartphone plant
21/10/2019 - 09:52
President Cyril Ramaphosa recently opened South Africa's first smartphone production plant at the Dube TradePort in Durban.

SA economy at risk of third-quarter contraction
11/10/2019 - 09:54
Dismal mining and manufacturing figures for August have raised the prospect of a third-quarter economic contraction.