FX.co ★ South Africa Factory Output Rises More than Expected

In June 2025, South Africa's manufacturing output recorded a year-on-year increase of 1.9%, accelerating from a 0.7% rise in May and exceeding market predictions of a 1% increase. This represents the second consecutive month of industrial growth. Notable contributions came from the food and beverages sector, which surged by 6.0% (compared to a decline of 0.5% in May), adding 1.4 percentage points to the overall growth. Additionally, the petroleum, chemical products, rubber, and plastics sector saw an increase of 1.9% (against a previous decrease of 0.4%), contributing 0.4 percentage points. On a seasonally adjusted monthly basis, industrial output remained unchanged following a significant 2.2% rise in the preceding month. When considering the second quarter of 2025, seasonally adjusted manufacturing production grew by 1.5% compared to the first quarter.