Nissan manufacturing plant. Picture ROBERT TSHABALALA
Nissan manufacturing plant. Picture ROBERT TSHABALALA

MANUFACTURING output contracted year on year in November last year, although the pace of contraction was lower than that recorded in October.

Manufacturing production decreased 1% year on year in November after contracting 2.1% year on year in October.

The latest data indicate that economic growth in the fourth quarter of last year was weak.

There was lower production in the basic iron and steel, nonferrous metal products, metal products and machinery division. With commodity prices as low as they are and demand so weak, producers will not significantly raise output.

Seasonally adjusted manufacturing production fell 1.2% in November compared with October. This was after a month-on-month contraction of 1.7% in October and an increase of 2.3% in September.

In the three months ended November 2015, seasonally adjusted manufacturing production increased 0.9% compared with the previous three months.

Although six of the 10 manufacturing divisions reported positive growth rates over the period, the main contributor was the petroleum, chemical products, rubber and plastic products division.