South Africa Manufacturing Rebounds; Confidence Slumps
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South African manufacturing production increased 1.2 percent in April from a year earlier, rebounding from a contraction in the previous month, the statistics office said.
Factory output rose after shrinking a revised 2.9 percent in March, Pretoria-based Statistics South Africa said on its website today. The median estimate in a Bloomberg survey of 11 economists was for growth of 0.9 percent. Production expanded 1.3 percent in the month and 0.4 percent in the three months through April from the previous period.