Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
South African Reserve Bank. Picture: MARTIN RHODES
The SA Reserve Bank’s composite leading business cycle indicator declined in September, according to data published by the central bank on Tuesday.
The annual fall of 1.6% continues the streak of declines for the year. On a month-on-month basis it fell 0.6%.
The leading indicator offers a projection of SA’s economic growth cycle for the next six to 12 months by measuring changes in a range of components over time, including among others the number of approved building plans, job advertisement space, manufacturing order volumes and passenger vehicles sold.
Decreases in four of the indicator’s nine components, outweighed increases in the remaining five, the bank said.
The largest negative contributions to the movement in the leading indicator in September, came from declines in the number of residential building plans approved, and a deceleration in the 12-month percentage change in job advertisement space.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Reserve Bank’s leading indicator drops off
The SA Reserve Bank’s composite leading business cycle indicator declined in September, according to data published by the central bank on Tuesday.
The annual fall of 1.6% continues the streak of declines for the year. On a month-on-month basis it fell 0.6%.
The leading indicator offers a projection of SA’s economic growth cycle for the next six to 12 months by measuring changes in a range of components over time, including among others the number of approved building plans, job advertisement space, manufacturing order volumes and passenger vehicles sold.
Decreases in four of the indicator’s nine components, outweighed increases in the remaining five, the bank said.
The largest negative contributions to the movement in the leading indicator in September, came from declines in the number of residential building plans approved, and a deceleration in the 12-month percentage change in job advertisement space.
donnellyl@businesslive.co.za
ECONOMIC WEEK AHEAD: Data to underscore SA’s bleak picture
JSE could be subdued on Tuesday despite trade war optimism
Reserve Bank’s leading indicator slips for 11th straight month
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
Are we treating the symptoms rather than the cause of economic malaise?
LUKANYO MNYANDA: Why ratings agencies matter and interest rates won’t be cut ...
S&P outlook heightens pressure on government to show progress
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.