JOHANNESBURG Oct 11 (Reuters) – South Africa’s
manufacturing output beat market expectations in August, growing
by 3.0 percent year-on-year in volume terms compared with a
revised 6.3 percent rise in July, data showed on Thursday.
On a month-on-month basis production rose by a seasonally
adjusted 3.0 percent and grew by 0.9 percent in the three months
to August compared with the previous quarter, Statistics South
Africa said.
Economists polled by Reuters earlier this week expected a
1.1 percent year-on-year contraction in August.
(Reporting by Xola Potelwa)
© Thomson Reuters 2012 All rights reserved
