Automotive sector slumps 16.1% in August, accunting for a 1.6 percentage point drop in overall manufacturing output
Automotive sector slumps 16.1% in August, accunting for a 1.6 percentage point drop in overall manufacturing output
Automotive sector slumps 16.1% in August, accounting for a 1.6 percentage point drop in overall manufacturing output
10 October 2024 – 17:09
by Nompilo Goba
SA’s manufacturing production slipped 1.2% year on year in August, mainly as a result of plunging vehicle production, Stats SA said on Thursday.
The automotive sector, which includes motor vehicles, parts and accessories, slumped 16.1%, contributing to a 1.6 percentage point drop in overall manufacturing output…
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