Stats SA says ongoing power cuts limited recovery in the sector and reduced production volumes
Manufacturing activity contracted for the fourth month in a row in June, Stats SA said on Thursday, as ongoing power cuts limited recovery in the sector and reduced production volumes.
Manufacturing production sank 3.5% year on year, higher than the expected 2.5%. This was worse than the 2.3% fall in May, but better than the 7.6% plunge in April...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 Sunday Times Daily.
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