SA manufacturing output up in April
Fin24 - Jun 8th 2012, 07:45
Johannesburg - South Africa's manufacturing output grew by 1.2% year-on-year in volume terms in April which was below expectations after contracting by 2.9% in March, Statistics South Africa said on Thursday.
Economists on average had expected factory output to grow by 1.9% on an annual basis in April.
On a month-on-month basis, production in volume terms rose by a seasonally adjusted 1.3%, and by 0.4% in the three months to April compared with the previous three months.
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