South African manufacturing output down 1.1% y/y in November.

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.<br /> <br /> 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<br /> <br /> The largest negative contributions were made by food and beverages (decreasing by 2.5%); while wood and wood products, paper, publishing and printing fell 4.5% and petroleum, chemical products, rubber and plastic products were down 2.5%. <a href="https://kaya959.co.za">Kaya 959</a>