Economics
South Africa Manufacturing Decline Slows on Food and Drinks
- Manufacturing production declined by 2.6% in September
- Output increased by 32.9% in three months through Sept. 30
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South African factory output contracted less than forecast and at the slowest pace in seven months in September on increased production of food and beverages.
Output fell 2.6%, compared with a revised 11.1% decline in August, Statistics South Africa said Tuesday in a report published on its website. The median estimate of nine economists in a Bloomberg survey was for a 7.7% drop. Production rose 3.2% in the month.