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Manufacturing Up 1%

| News by Staff Reporter

A 1,0% increase was recorded in manufacturing production year-on-year in March


Manufacturing production for the first quarter of 2012 increased 1,0% compared to the same period last year, according to Stats SA.

The statistics agency said seven of the ten manufacturing divisions reported positive growth rates over this period.

Higher production was recorded in the following divisions, according to Stats SA:

the basic iron and steel, non-ferrous metal products, metal products and machinery division (2,8% and contributing 0,6 of a percentage point);
the food and beverages division (3,3% and contributing 0,5 of a percentage point);
the glass and non-metallic mineral products division (4,5% and contributing 0,2 of a percentage point); and
the wood and wood products, paper, publishing and printing division (2,1% and contributing 0,2 of a percentage point).

A decrease of 2,7% was reported in manufacturing production year-on-year in March.

This was due to lower production in:

the motor vehicles, parts and accessories and other transport equipment division (-6,3% and contributing -0,7 of a percentage point);
the food and beverages division (-3,6% and contributing -0,6 of a percentage point);
the basic iron and steel, non-ferrous metal products, metal products and machinery division (-2,3% and contributing -0,5 of a percentage point);
the petroleum, chemical products, rubber and plastic products division (-1,8% and contributing -0,4 of a percentage point); and
the furniture and other manufacturing division (-7,0% and contributing -0,3 of a percentage point).

Seasonally adjusted manufacturing production for Q1 2012 increase 1,9% compared to the Q4 2011, added Stats SA.


Source: www.bizpremises.co.za