Reserve Bank’s composite leading business cycle gauge slumps for fifth straight month
Investec chief economist Annabel Bishop says gauge could show an improvement later in the year
20 June 2023 - 12:11
The SA Reserve Bank’s six-month indicator measuring economic performance slumped for a fifth consecutive month, indicating slowing economic activity as worsening load-shedding, volatile commodity prices and a challenging external environment continued to hamper business activity.
The loss in growth momentum can be seen in the Bank’s composite leading business cycle indicator released on Tuesday, which offers a projection of SA’s economic growth cycle for the next six to 12 months, and contracted by 1% on a monthly basis in April following a 2% drop in the previous 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.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.