South Africa’s manufacturing output rose 5.5% year on year in June after rising by 2.4% in May, according to official data released on Thursday.
Factory production was up 1.2% month on month in June, after decreasing by 1.3% in May.
While these numbers indicate a positive trend, economists and industry leaders are cautious about the future. They emphasize the need for sustainable growth and underline challenges like fluctuating global demand, supply chain disruptions, and the need for continued infrastructure investments.
South Africa’s manufacturing industry, comprising segments like automotive, textiles, machinery, and food processing, has traditionally been a powerhouse for employment and export earnings.
This resurgence might bring in renewed hope for job creation and economic stability in the region.