SA manufacturing output down in Q4 2024
South Africa's manufacturing production fell by 1.2 per cent in December compared to 2023.
Eight of the ten manufacturing divisions recorded the lower production levels, with the metals, machinery and automotive sectors the biggest drags on growth," says Director of Industry Statistics at Stats SA, Nicolai Claassen.
READ: Rand strengthens despite US-SA diplomatic tensions
Claasen says overall, manufacturing output in 2024 fell by 0.4 per cent, with production weaker than in 2023.
However, there was a boost from the food and beverages division which saw a positive increase of 5.8 per cent.
Find us on social media
Follow the ECR Newswatch WhatsApp channel here
