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Manufacturing Production Turns Positive
| News by Staff Reporter
Statistics SA announced on Thursday that manufacturing production increased by 2.7 percent year-on-year in February compared to a revised 3.5 percent growth in January.The largest contributors to the growth in manufacturing production were the motor vehicles, parts and accessories division, showing an increase of 20.4 percent and contributing a total of 1.8 percentage points; and the basic iron and steel, non-ferrous metal products, metal products and machinery division, contributing 1.7 percentage points.
The petroleum, chemical products, rubber and plastic products division; at 3.4 percent, contributed 0.8 of a percentage point to manufacturing production in February 2010; and the radio, television and communication apparatus and professional equipment division contributed a total of 0.1 of a percentage point.
However, decreases were reported in the textiles, clothing, leather and footwear division; the furniture and 'other' manufacturing division; the wood and wood products, paper, publishing and printing division; the glass and non-metallic mineral products division; as well as the electrical machinery division, contributing a total of –0.6%; –0.5%; –0.4%; –0.4% and –0.2% respectively.
Source: www.bizpremises.co.za
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