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|
|12-mth percentage change||5.4||4.1||5.8|
|12-mth percentage change||1.8||2.8||—|
|12-mth percentage change||1.7||2.3||—|