Basically it stated that, if there was such a thing as a sectoral recession, then South Africa’s manufacturing industry is deep in one. Output declined by 15% year-on-year in February, following on the 12,9% year-on-year fall in January. The sector has been contracting since October, and the aftershocks are being felt across the economy. This creates a strong likelihood that South Africa will now officially enter a recession for the first time in over a decade.
Got my point? Food - manufacturing industry is recession proof!!!
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