FX.co ★ South Africa’s Manufacturing Output Slips 2.2% in February, Reversing January Gain

South Africa’s manufacturing sector moved back into contraction in February 2026, with production falling 2.2% month-over-month, according to data updated on 9 April 2026. The decline marks a sharp reversal from January 2026, when manufacturing output grew by 1.5% over the previous month.

The month-over-month comparison shows that the early-year momentum in factory activity did not carry into February, signaling renewed pressure on industrial producers. While January’s positive reading suggested a tentative recovery, February’s downturn highlights ongoing volatility in South Africa’s manufacturing performance from one month to the next.

As the figures are measured on a month-over-month basis—comparing each month to the immediately preceding one—the February drop underscores a notable short-term shift in conditions after the sector’s brief improvement at the start of the year.