April manufacturing output up 1.1% Y/Y
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Manufacturing production increased 1.1% year-on-year in April, on a month-on-month basis however, factory production shrunk 0.6%. This print comes after the manufacturing decreased by contributed -0.8% of a percentage point to GDP which contracted by 2.2%. Dawie Roodt, Chief Economist of the Efficient Group joined us to discuss what April's data suggests for the sector and the economy moving forward.