February output down as manufacturing continues to struggle
February output down as manufacturing continues to struggle By Siphelele Dludla Share JOHANNESBURG - THE MANUFACTURING industry in South Africa continues to struggle to recover from the Covid-19 induced depression as factory output fell more than expected in February. Data from Statistics South Africa (StatsSA) yesterday showed that manufacturing production remained in contractionary territory as it fell by 2.1 percent in February from a year ago. February followed an upwardly revised 4.2 percent slump in January and was significantly weaker than market expectations of a 0.4 percent fall. S...
Source: iol.co.za