Manufacturing sector expands in South Africa

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The manufacturing industry in South Africa surged 5.4% in July of this year, while the factory output added 0.5%. Economists expected the output to advance 1.6%. Manufacturing progress can be explained by the shrinking exchange rate of the rand, which boosted exporters' revenues. This year the national currency of South Africa has already lost 15% against U.S. dollar.
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