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PUBLISHER: Freight News (www.freightnews.co.za)

Manufacturing production plummeted in March and came in much weaker than expected, according to the latest data released by Statistics South Africa.

Bureau for Economic Research economists noted in their Weekly Review that the latest official data showed that manufacturing output had decreased by 2.2% month-on-month and was down by 6.4% compared to March 2023, marking the biggest annual decline in almost two years.

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