MANUFACTURING INCOME UP BY 9,4%

South Africa's manufacturing income rose from R1,68 trillion in 2011 to R2,20 trillion in 2014.

Statistics South Africa (Stats SA) recently released the manufacturing industry report which indicated that total income for the industry increased by 9,4% per annum.

“Stats SA today released the manufacturing industry 2014 report, which indicates that the total income for the manufacturing industry has increased by 9,4% per annum, from R1,68 trillion in 2011 to R2,20 trillion in 2014,” said Stats SA.

The report is a periodic survey which measures economic activity in the manufacturing sector of the South African economy. The survey is based on a sample of private and public enterprises operating in the manufacturing industry.

The manufacturing industry's large sample survey is a periodic survey conducted every three to five years covering business enterprises registered for tax in South Africa.

Comparing 2011 and 2014, large increases were reported for coke, petroleum, chemical products, rubber and plastic (+R248,1 billion), food products and beverages (+R88,6 billion) and transport equipment (+R81,3 billion).

The contribution of the top 100 enterprises (CR100) increased from 53,5% in 2005 to 58,1% in 2014.

Stats SA also released the construction industry 2014 report, which indicates that the total income for the construction industry increased by 13,4% per annum, from R269 billion in 2011 to R392,3 billion in 2014.

Comparing 2011 and 2014, large increases were reported for the construction of civil engineering structures (+R46.8 billion), construction of buildings (+R26,6 billion) and other building completion (+R11,8 billion).

The contribution of the CR100 rose from 34,8% in 2004 to 40% in 2014.