{"id":9821,"date":"2012-04-11T16:07:42","date_gmt":"2012-04-11T14:07:42","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-1-s-africas-feb-manufacturing-up-as-demand-rises\/"},"modified":"2012-04-11T16:07:42","modified_gmt":"2012-04-11T14:07:42","slug":"update-1-s-africas-feb-manufacturing-up-as-demand-rises","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-feb-manufacturing-up-as-demand-rises\/","title":{"rendered":"UPDATE 1-S.Africa&#8217;s Feb manufacturing up as demand rises"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Growth exceeds analysts expectations<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Data points to rising domestic demand<\/p>\n<p><span><\/span><\/p>\n<p>* Rand firmer after data release<\/p>\n<p> (Adds details, comment, reaction)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 11 (Reuters) &#8211; Growth in South Africa&#8217;s<br \/>\nmanufacturing output outpaced expectations in February, adding<br \/>\nto signs that domestic demand is recovering and backing the case<br \/>\nfor higher interest rates.<\/p>\n<p><span><\/span><\/p>\n<p>Factory output grew by 4.1 percent year-on-year in volume<br \/>\nterms in February from a revised 2.3 percent in January,<br \/>\nStatistics South Africa said on Wednesday. Economists in a<br \/>\nReuters survey expected growth of 2.0 percent.<\/p>\n<p><span><\/span><\/p>\n<p>On a month-on-month basis, production in volume terms grew<br \/>\nby a seasonally adjusted 2.8 percent. It expanded 1.6 percent in<br \/>\nthe three months to February compared with the previous three<br \/>\nmonths.<\/p>\n<p><span><\/span><\/p>\n<p>The manufacturing sector contributes about 15 percent of<br \/>\ngross domestic product and is a major creator of jobs for the<br \/>\nlargely unskilled labour force in the country where unemployment<br \/>\nhas languished for years at around 20 to 25 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s a really good number, especially since the<br \/>\nmanufacturing numbers have had trouble building up steam,&#8221;<br \/>\nEfficient Group economist Merina Willemse said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It shows a promising growth in this industry, supporting<br \/>\nperhaps a more optimistic economic figure.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Growth exceeds analysts expectations * Data points to rising domestic demand * Rand firmer after data release (Adds details, comment, reaction) JOHANNESBURG, April 11 (Reuters) &#8211; Growth in South Africa&#8217;s manufacturing output outpaced expectations in February, adding to signs that domestic demand is recovering and backing the case for higher interest rates. Factory output [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9821"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9821\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}