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TABLE-SA’s leading business cycle indicator up 1% in January

Supported by higher export commodity prices and a rise in the number of residential building plans approved, data showed on Tuesday.
Image: Moneyweb

South Africa’s central bank composite leading business cycle indicator was up 1% month on month in January, supported by higher export commodity prices and a rise in the number of residential building plans approved, data showed on Tuesday.

The indicator collects data on vehicle sales, business confidence, money supply and other factors to gauge the outlook for Africa’s most industrialised economy.

Indices: 2015 = 100 November December January
Leading Indicator 126.4 126.0 127.3
12-mth percentage change 5.4 4.1 5.8
Coincident Indicator 94.2 95.0
12-mth percentage change 1.8 2.8
Lagging Indicator 92.9 93.0
12-mth percentage change 1.7 2.3

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