Prevailing low capacity use in manufacturing industry a worry for Seifsa

Persistent low levels of capacity use in the manufacturing sector and low demand for locally manufactured goods are “worrying” trends taking place in spite of the prevailing Covid-19 restrictions that are limiting operations at industrial plants, says the Steel and Engineering Industries Federation of Southern Africa (Seifsa). Data released by Statistics South Africa (StatsSA) on May 6 shows that manufacturing capacity use in South Africa was 74% in first quarter of this year, compared with 77.5% in first quarter of 2020.

from Engineering News | Home https://ift.tt/3nSjTJS