South Africa Manufacturing Output Deepens Contraction in May, Falling to -4.3%

BitcoinWorld South Africa Manufacturing Output Deepens Contraction in May, Falling to -4.3% South Africa’s manufacturing production index declined further in May 2024, registering a year-on-year contraction of -4.3%, compared to a revised -2.9% in April. The data, released by Statistics South Africa, underscores persistent headwinds facing the country’s industrial sector, including elevated input costs, logistical constraints, and weak domestic demand. Key Drivers Behind the Decline The manufacturing […] This post South Africa Manufacturing Output Deepens Contraction in May, Falling to -4.3% first appeared on BitcoinWorld .