FACTORY output for March surged by 6,3%. The fastest in two years; suggesting the economy’s second- biggest sector helped to drive overall growth faster than expected. This is well above the consensus forecasts. Compared with the previous month, output rose by a seasonally adjusted 2,6% in March, after two months of declines.
The news was a welcome surprise, as output from the sector has been disappointing this year, despite upbeat surveys.
The figures continue to reflect an export-driven recovery, which means the sector is vulnerable to trends in SA’s trade partners.
http://www.businessday.co.za/articles/Content.aspx?id=108764
www.directinvestment.biz
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