South Africa’s producer price index (PPI) grew by 0.8pc in June compared to the previous month, according to Statistics South Africa (Stats SA).
The agency attributed the monthly jump to a 3.2pc rise in manufacturing of transport equipment and a 1.6pc increase in metal and machinery production.
On an annual basis, the PPI for intermediate manufactured goods increased by 16.4pc in June with basic and fabricated metals output rising by 7.8pc during this period. In June, both intermediate manufactured goods, as well as fabricated metals production, grew by 1.1pc against the previous month, Stat SA indicated.
South Africa’s mining PPI rose by 20.6pc in June annually and by 1.4pc on a monthly basis, Stat SA reported. Under this, the non-ferrous metal ores rose by 13.4pc from June 2020 but dropped by 1.7pc from May. Other metal ores including gold rose by 3.3pc in June from the same month last year.