ECONOMIC WEEK AHEAD: Private sector credit extension expected to tighten
Sars will release balance of trade data, followed by electricity production numbers and PMIs
30 October 2022 - 17:12
Important economic data is due out this week, starting with the Reserve Bank’s release of private sector credit extension on Monday.
Private sector credit extension came in stronger than expected in August, increasing to 7.9% from July’s 7.1% and much better than the Thomson Reuters consensus of 6.9%. The improvement was mainly driven by corporate lending, especially the general loans and advances category. Household credit slowed, reflecting the impact sharp increases in borrowing costs have had on the consumer...
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