Manufacturing Bulletin Q2-2011 Presentation for : Manufacturing Circle 27 September 20 11 By Dr Iraj Abedian Pan-African Investment & Research Services(Pty) Ltd. Introduction Overall Manufacturing Business Confidence Current South African Manufacturing Trends
Manufacturing Bulletin Q2-2011
Presentation for :
27 September 2011
Dr Iraj Abedian
Pan-African Investment & Research Services(Pty) Ltd.
Profile of Survey Participants
Current South African
Source: Statistics South Africa, Q2 2011 GDP
Employment Trends in the Manufacturing Sector
Source: Statistics South Africa, Q2 2011 Quarterly Labour Force Survey
Source: South African Reserve Bank, Quarterly Bulletin, September 2011
Kagiso Purchasing Manager’s Index
Source: Bureau for Economic Research
Manufacturing Survey: Q2-2011
Rand Weakness and Manufacturing
Source: Inet Bridge
Structural Issues: Rand Foreign Exchange Volatility
Manufacturing output is expected to moderate further during the third quarter, driven by a combination of a weaker global economy and slower domestic demand.
Third quarter production volumes will further be exacerbated by the prolonged strike action within the sector, in July.
Overall, the manufacturing sector remains vulnerable to major structural constraints.