The SA Reserve Bank’s composite leading business cycle indicator plunged in April, as SA experienced the harshest phase of the nationwide lockdown imposed to slow the Covid-19 pandemic.
The leading indicator, which offers a projection of SA’s economic growth cycle for the next six to 12 months, decreased 8.7% on an annual basis during April, recording its 18th month of consecutive declines. On a month-on-month basis the leading indicator decreased 5.1%. ..
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