Manufacturing output decreased by 3.4% year-on-year in October, predominantly owing to exporting industries shaving a combined 3.4 percentage points from the headline figure. Statistics South Africa reports that the largest contractions for October were recorded in the petroleum, chemical products, rubber and plastic industries at -6.8% and contributing -1.5 percentage points, followed by basic iron and steel, nonferrous metal products and machinery contracting by 5% and contributing -0.9 of a percentage point.
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