Rebound in South Africa’s manufacturing industry slows 22%

By bne IntelliNews June 20, 2010
Therebound in South Africas manufacturing industry has slowed 22% from Q1, withlittle improvement forecast for the next year, a Bureau of Economic Research(BER) survey reported, with the sector losing momentum in Q2. Export andrestocking stimulus appears to have fallen and domestic demand remains weak.The BER noted that manufacturing business confidence, which had fallen by apoint quarter on quarter, to 27 in Q2, is steady at about 20 points below itslong-term average. Domestic sales and orders continued to fall in Q2, as didexport sales and orders. Deloitte said that the 2010 World Cup could be a turningpoint for South Africa.

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