JOHANNESBURG: South Africa’s manufacturing output rose by 1.9 percent year-on-year in November, beating market expectations, after contracting by 2.7 percent in October, Statistics South Africa said on Thursday.
On a month-on-month basis, factory production rose 0.3 percent but edged down 1.1 percent in the three months to November compared with the previous three months. Economists polled by Reuters had forecast a 0.9 percent year-on-year decrease in manufacturing volumes.