Manufacturing production declined 3.5% year-on-year in November. The decline can be attributed to the drop in export demand, as many of SA's trading partners have extended lockdowns. Manufacturing production decreased by 3.5% in November, on a year-on-year basis - this was expected, as export demand declined during the last quarter of 2020. However, for the three months leading up to November, manufacturing production increased by 8.9% - this as all 10 manufacturing categories reported positive growth rates, Stats SA said. "During Q4.20, manufacturing activity was held back by a decline in export demand," Kaplan said in a note.

Source: News 24 January 12, 2021 12:19 UTC