SOUTH AFRICA REPORTS SLIGHT INCREASE IN MANUFACTURING OUTPUT IN APRIL

JOHANNESBURG-- South Africa recorded a slight increase of 1.1 per cent in manufacturing output in April this year, compared with the same month of 2017, according to the latest monthly report issued by Statistics South Africa (Stats SA).

The largest contributions to the increase came from the petroleum, chemical products, rubber and plastic products as well as food and beverages sub-sectors.

The largest positive contributions were made by the following divisions:

* Petroleum, chemical products, rubber and plastic products (4,0 per cent and contributing 1.0 percentage point); and

* Food and beverages (2.6 per cent and contributing 0.7 of a percentage point).

The largest negative contributions to the year-on-year growth rate of 1.1% in April 2018 were made by the following divisions:

* Wood and wood products, paper, publishing and printing (- 5.1 per cent and contributing - 0.6 of a percentage point); and

* Radio, television and communication apparatus and professional equipment.

Source: NAM NEWS NETWORK