27 Oct 2020 Automotive Sector 3rd Quarter Review
Posted at 11:56h
in naamsa News
QUARTERLY REVIEW OF BUSINESS CONDITIONS: NEW MOTOR VEHICLE MANUFACTURING INDUSTRY / AUTOMOTIVE SECTOR: 3rd QUARTER 2020
The easing to lower COVID-19 lockdown levels during the quarter drove the gradual improvement in business conditions in the vehicle manufacturing sector but the quarterly performance still remains under pressure, declining by 26,9% year-on-year compared to the corresponding quarter 2019;
Third quarter 2020 industry employment reflected a welcomed uptick of 415 jobs to reach 29 944 positions at end September 2020;