FX.co ★ South Africa’s Manufacturing Slump Eases in December, But Output Still Contracting

South Africa’s manufacturing sector remained in contraction at the end of 2025, though the pace of decline moderated. Manufacturing production fell 1.4% year-over-year in December 2025, an improvement from the 2.0% annual drop recorded in November 2025, according to data updated on 12 February 2026.

The figures, measured on a year-over-year basis, compare output in each month to the same month a year earlier. While the latest reading signals that the downturn in manufacturing is easing, the sector has yet to return to growth, underscoring persistent pressure on industrial activity heading into 2026. Investors and policymakers will be watching upcoming data closely for signs of a more durable recovery in South African manufacturing.