The pace of production growth in South Africa accelerated in July

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The growth in production in South Africa accelerated in July, finversia.ru reported, citing official data. According to preliminary data from the statistical office, in July, the volume of production, excluding adjustments, increased by 2.9% compared to the same month of the previous year. Compared with the rise of 0.6% in June, the July growth rate accelerated. The output of food and beverages increased by 5.8% year-on-year, car production - by 8.3%. Relative to the previous month, production in the manufacturing industry, taking into account seasonal fluctuations, increased by 1.6%, also accelerating as compared to growth of 0.2% a month earlier.

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