South Africa stocks suffer $3.7 billion losing streak from foreign investors
South African manufacturing output down 1.1% y/y in November
1:00 CAT | 11 Jan 2023
FILE - People work at ''The Faktory", a fashion design and clothing manufacturing company in Johannesburg, South Africa, March 4, 2021. [File photo: Reuters/Siphiwe Sibeko]
South Africa’s manufacturing output fell 1.1% year on year in November after rising by 1.0% in October, statistics agency data showed on Tuesday.
Factory production rose 2.0% month on month in November. Analysts had predicted a 2.3% drop in annual terms and a 1.1% month-on-month drop.
Source: Reuters
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