South African manufacturing output down 3.7% y/y in January

South Africa’s manufacturing output fell 3.7% year on year in January after falling by a revised 4.5% in December, statistics agency data showed on Tuesday.

Factory production rose 1.1% month on month in January.

Analysts polled by Reuters had predicted a 5.1% drop in annual terms and a 0.3% month-on-month decline. (Reporting by Alexander Winning; Editing by James Macharia Chege)