Textiles, clothing, leather & footwear sales decline in Aug
14 Oct '05
3 min read
Statistics South Africa released the manufacturing growth indicates strength of GDP.
Measuring the economy is one of Statistics SA's core activities. Each month, surveys of the various economic sectors are conducted, and their results incorporated into the quarterly and annual estimations of growth in gross domestic product (GDP).
The results of Stats SA's monthly manufacturing production and sales survey are used to calculate indices of the physical volume of manufacturing production.
In the most recent GDP estimates, which were for the second quarter of this year, the manufacturing sector made up over 16 percent of the total economy.
Last week Stats SA reported that retail trade sales at constant (2000) prices for May to July had increased by 4.9 percent compared with May to July 2004; motor trade sales for the three months to July increased by 14.7 percent compared with the three months to July 2004; and wholesale trade sales at constant prices for the three months to July increased by 1.1 percent compared with the three months to July 2004.
Yesterday the latest data on manufacturing were published. Production for the three months to August increased by 1.2 percent after seasonal adjustment, compared with the previous three months. Higher production was reported by seven of the 10 manufacturing divisions:
- The motor vehicles, parts and accessories and other transport equipment division contributed 0.8 percentage points to the increase in total manufacturing production;
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