Manufacturing industry down by 7.4 %

According to the latest figures released by Statistics Botswana the manufacturing industry recorded a decline of 7.4 percent in real value added during the first quarter of 2021, compared to a decrease of 2.3 percent registered in the corresponding quarter of 2020.

The deep contractionary performance in the industry is observed in the two major sub- industries of Beverages & tobacco and Diamond cutting, polishing and setting by 57.0 and 38.5 percent respectively.

The reduction in Beverages is attributed to alcohol sale ban imposed during to quarter under review inorder to reduce the spread of COVID-19 virus.

On the other hand, exports of polished diamonds went down by 24.9 percent compared to a decrease of 11.5 percent registered in the same quarter of the
previous year.

Total
21
Shares
Leave a Reply

Your email address will not be published.

Related Posts