By Khanyisa Tabata
10 September 2009
Static’s South Africa has announced that manufacturing production has fallen to 13.7 percent compared with July 2008.
The decrease has been attributed to lower production in the basic iron and steel, non- metal products, metal products and machinery.
The petroleum, chemical products, rubber and plastic products division (-10.2 percent and contributing -2.5 percent) and motor vehicles, parts and accessories and other transport equipment division (-22.1 and contributing -2.3 percent) also contributed to the decrease.
Economist said this shows that the recovery is broad-based among the sectors with eight of the ten sectors reporting an increase relative to June
Meanwhile, StatsSA said mining production for July increased by 4.8 compared to July last year.
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