South Africa Factory Output Rises Most in Three Years in April

South Africa’s April manufacturing production rose the most since June 2016 as the output of iron and steel, as well as motor vehicles, parts and accessories, surged.

Factory output increased 4.6% from a year earlier, compared with revised growth of 1.3% in the previous month, Pretoria-based Statistics South Africa said Tuesday in a statement on its website. The median estimate of seven economists in a Bloomberg survey was for 1.3% expansion. Continue reading …

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