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Manufacturing output up 5.8%
Manufacturing output up 5.8%

Manufacturing output up 5.8%


Fin24 - Sep 12th 2012, 08:46

Johannesburg - South Africa's manufacturing output grew 5.8% year-on-year in volume terms in July, almost in line with market expectations, after a revised 0.9% rise in June.

The consensus of economists in a Reuters poll was for factory output to come off the low base from the previous month to 6.0% growth in July.

Statistics South Africa said on a month-on-month basis production fell by a seasonally adjusted -1.1% but nudged higher by 0.1% in the quarter to June compared with the previous three months.

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