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Manufacturing Output Up in May| News by Staff Reporter
Manufacturing production increased 0,6% in May 2011 compared with May 2010
Manufacturing production for May 2011 showed a year-on-year increase of 0,6%, said Stats SA, 0,4% higher than the revised 0,2% increase year-on-year in April 2011.
According to the latest data from Stats SA manufacturing production in May 2011 showed an increase of 0,6%, driven mainly by higher production in the basic iron and steel, non-ferrous metal products, metal products and machinery division (5,9% and contributing 1,2 percentage points).
The petroleum, chemical products, rubber and plastic products division also helped drive the increase recorded in May, at 3,1% and contributing 0,7 of a percentage point.
The statistics firm noted, however, that “these increases were partially counteracted by noteworthy decreases reported in the food and beverages division (-4,2% and contributing -0,7 of a percentage point), the textiles, clothing, leather and footwear division (-8,5% and contributing -0,4 of a percentage point) and the motor vehicles, parts and accessories and other transport equipment division (-3,4% and contributing -0,4 of a percentage point).”
Seasonally adjusted manufacturing production for the three months ended May 2011 increased by 0,5% when compared with the previous three month period ended February 2011, said Stats SA.
“Five of the ten manufacturing divisions reported positive growth rates over this period.”
The basic iron and steel, non-ferrous metal products, metal products and machinery division (6,5% and contributing 1,3 percentage points) was the lead contributor, followed by the petroleum, chemical products, rubber and plastic products division (2,8% and contributing 0,7 of a percentage point) and the furniture and other manufacturing division (8,9% and contributing 0,4 of a percentage point).