Factory output at lowest level in nearly a year

Power cuts a key risk for energy-intensive manufacturing sector, says Investec economist Lara Hodes

SA’s manufacturing production fell to its lowest level in nearly a year in February on an annual basis, reflecting the cost of power cuts on food manufacturers and allied sectors.

Manufacturing output fell 5.2% year on year in February, Stats SA said in a statement on Tuesday. The reading was worse than a 2% drop forecast by economists in a Reuters survey...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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