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SA’s manufacturing production declines sharply in April [SOUND]

# Statistics South Africa says manufacturing production declined by 2.9-percent in April compared with a year earlier, with the biggest losses recorded in the steel, paper and automotive sectors. Production also fell month-on-month, continuing a weak trend in the industry. Stats SA’s Nicolai Claassen says manufacturing sales showed a slight improvement, rising by 0.7-percent in April and increasing over the past three months, driven mainly by gains in the steel and motor vehicle sectors:

ENG ClaassenOnAprManufacturing