South Africa Manufacturing Production m/m

Country:
South Africa
ZAR, South African rand
Sector:
Business
Medium -0.3% -0.7%
0.4%
Last release Importance Actual Forecast
Previous
  • Overview
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Manufacturing Production m/m reflects a change in the output of South African companies from all manufacturing sectors, including mining, production, electricity and gas supply. The indicator shows by how much the value has changed since the previous month.

To calculate the indicator, Statistics South Africa conducts monthly surveys of about 3000 manufacturing companies. The statistical unit of the survey is a company defined as a legal unit or a combination of units that includes and directly controls all functions necessary to perform production activities. The sample is selected based on the list of companies registered as VAT and income tax payers.

During the survey, respondents provide data on their sales and inventories, based on which the company's output is calculated. Production index is the ratio of production output over the reported period and production over the base period which is equal to 100 (the base period is currently set to 2015).

The Manufacturing Production Index is one of the most important indicators of short-term economic statistics for the country. Analysts use it to evaluate early changes in economic development, as well as to forecast South Africa' GDP.

A rising index may indicate an expansion of the economy and is seen as positive for South African rand quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "South Africa Manufacturing Production m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2024
-0.3%
-0.7%
0.4%
Jan 2024
0.8%
0.7%
-1.3%
Dec 2023
-1.7%
0.2%
1.2%
Nov 2023
0.8%
-0.4%
-0.1%
Oct 2023
-0.2%
0.6%
-0.8%
Sep 2023
-0.5%
-1.1%
0.4%
Aug 2023
0.5%
1.4%
-1.7%
Jul 2023
-1.6%
-1.3%
1.2%
Jun 2023
1.2%
-1.0%
-1.3%
May 2023
-1.3%
1.4%
0.7%
Apr 2023
0.5%
-1.5%
3.4%
Mar 2023
4.0%
1.3%
-1.3%
Feb 2023
-1.3%
-1.3%
0.5%
Jan 2023
1.1%
1.4%
0.5%
Dec 2022
0.1%
-1.3%
1.4%
Nov 2022
2.0%
1.0%
-6.2%
Oct 2022
-6.3%
-0.6%
5.0%
Sep 2022
4.9%
0.7%
2.2%
Aug 2022
2.1%
-0.8%
-0.1%
Jul 2022
-0.2%
0.9%
-2.0%
Jun 2022
-1.5%
-0.9%
0.2%
May 2022
-0.2%
0.8%
-5.7%
Apr 2022
-5.4%
-0.6%
0.3%
Mar 2022
0.6%
0.5%
-1.1%
Feb 2022
-1.1%
-0.1%
2.0%
Jan 2022
1.9%
-0.3%
2.5%
Dec 2021
2.3%
0.6%
4.9%
Nov 2021
3.7%
-1.0%
-5.2%
Oct 2021
-5.9%
1.2%
3.0%
Sep 2021
3.8%
-0.6%
7.1%
Aug 2021
7.6%
-0.2%
-8.4%
Jul 2021
-8.0%
0.3%
-1.3%
Jun 2021
-0.7%
-0.3%
-2.0%
May 2021
-2.6%
0.1%
-1.2%
Apr 2021
-1.2%
0.3%
3.7%
Mar 2021
3.4%
-0.8%
-1.1%
Feb 2021
-1.2%
1.6%
0.0%
Jan 2021
0.5%
-3.0%
0.6%
Dec 2020
-0.1%
4.7%
-0.6%
Nov 2020
-1.3%
-6.0%
3.2%
Oct 2020
2.6%
7.0%
2.9%
Sep 2020
3.2%
-8.8%
3.3%
Aug 2020
3.6%
12.8%
5.9%
Jul 2020
7.6%
13.7%
17.9%
Jun 2020
16.8%
-41.3%
-44.3%
Apr 2020
-44.3%
1.8%
-1.2%
Mar 2020
-1.2%
1.0%
-2.6%
Feb 2020
-2.3%
-0.1%
3.0%
Jan 2020
2.5%
-0.4%
-3.0%
Dec 2019
-2.8%
-0.2%
-1.8%

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