S.Africa manufacturing output up 3 pct y/y in August
JOHANNESBURG, Oct 11 (Reuters) - South Africa's manufacturing output beat market expectations in August, growing by 3.0 percent year-on-year in volume terms compared with a revised 6.3 percent rise in July, data showed on Thursday.
On a month-on-month basis production rose by a seasonally adjusted 3.0 percent and grew by 0.9 percent in the three months to August compared with the previous quarter, Statistics South Africa said.
Economists polled by Reuters earlier this week expected a 1.1 percent year-on-year contraction in August.
(Reporting by Xola Potelwa)
Keywords: SAFRICA MANUFACTURING/