Bloomberg News

Rand Maintains Loss to Dollar as Manufacturing Misses Estimates

June 09, 2011

June 9 (Bloomberg) -- The rand maintained losses against the dollar after a report showed manufacturing output growth for April missed analysts estimates.

The currency of Africa’s biggest economy declined for a second day, weakening 0.6 percent to 6.7579 per dollar by 1:03 p.m. in Johannesburg.

Factory output growth slowed to an annual 0.4 percent in April from a revised 4.9 percent a month earlier, Statistics South Africa said on its website today. That missed a median estimate for 5 percent expansion by 16 economists polled by Bloomberg.

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus