Case for another rate cut

THE latest manufacturing production data add weight for another interest rate cut this year, analysts said yesterday.

THE latest manufacturing production data add weight for another interest rate cut this year, analysts said yesterday.

Manufacturing output fell sharply again in June compared to a year ago, pointing to more pressure on the economy's second biggest sector.

Stats SA said yesterday output contracted 17,1percent year-on-year in June, marginally less than the revised 17,2percent fall in May. - Reuters

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