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Stats SA's latest Mining and Manufacturing data analysis

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Manage episode 445211888 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST - Thanda Sithole, FNB Senior Economist
The latest mining and manufacturing data in South Africa have shown mixed results, with the former coming in better than expected and the latter worse than anticipated.
The latest Stats SA data showed that mining production increased from a contraction of 1.0% in July to growth of 0.3% in August – far better than the Reuters consensus of a 2.1% contraction.
Mining output grew by 2.9% m/m on a seasonally adjusted basis, offsetting the 0.8% decline in July.
That said, output for the three months ending in August still fell by 1.4%, suggesting that the mining sector could weigh on GDP in Q3 2024. Kaya FM
  continue reading

175 episodes

Artwork
iconShare
 
Manage episode 445211888 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST - Thanda Sithole, FNB Senior Economist
The latest mining and manufacturing data in South Africa have shown mixed results, with the former coming in better than expected and the latter worse than anticipated.
The latest Stats SA data showed that mining production increased from a contraction of 1.0% in July to growth of 0.3% in August – far better than the Reuters consensus of a 2.1% contraction.
Mining output grew by 2.9% m/m on a seasonally adjusted basis, offsetting the 0.8% decline in July.
That said, output for the three months ending in August still fell by 1.4%, suggesting that the mining sector could weigh on GDP in Q3 2024. Kaya FM
  continue reading

175 episodes

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