Poor manufacturing data points to difficult recovery for SA
The 3.5% year-on-year decline in output for November came before a renewed wave of Covid-19 infections and deeper lockdown measures
SA’s partial recovery from the worst ravages of Covid-19 may have been losing steam even before a resurgent wave of the pandemic hit, new manufacturing data suggests.
November manufacturing production figures released by Stats SA on Tuesday revealed a worse-than-expected annual decline of 3.5%, and followed President Cyril Ramaphosa’s implementation of level 3 lockdown restrictions in December to address the renewed outbreak of the virus...
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