Core Viewpoint - South Africa's manufacturing output experienced declines both year-on-year and month-on-month in November 2025, attributed to structural pressures on economic growth and weak demand in key industries [1] Group 1: Manufacturing Output Decline - In November 2025, South Africa's manufacturing output decreased by 1.0% year-on-year and 1.1% month-on-month [1] - The wood and wood products, paper, publishing, and printing sectors saw the largest decline, with a year-on-year reduction of 7.9%, contributing to a 0.8 percentage point decrease in overall output growth [1] - The steel, non-ferrous metal products, metal products, and machinery sectors experienced a year-on-year decline of 2.5%, impacting overall output growth by 0.6 percentage points [1] Group 2: Sector Contributions - The motor vehicles, parts, and other transport equipment sector reported a year-on-year decrease of 4.4%, contributing to a 0.4 percentage point decline in overall output growth [1] - Conversely, the petroleum, chemical products, rubber, and plastic products sector achieved a year-on-year growth of 5.5%, enhancing overall output growth by 1.1 percentage points, marking it as the largest contributing sector [1]