The composite leading business cycle indicator in South Africa increased 2.1 percent from a month earlier in January of 2021, the most since last October, after a 0.5 percent growth in December 2020. Increases in four of the ten available component time series outweighed decreases in the remaining six components. The largest contributors to the increase in the composite leading business cycle indicator in January 2021 were an acceleration in the 12-month rate of increase in job advertisement space and an increase in the US dollar-denominated South African export commodity price index. source: South African Reserve Bank
Leading Economic Index in South Africa averaged 0.19 percent from 1960 until 2021, reaching an all time high of 4.60 percent in January of 1980 and a record low of -6.80 percent in April of 2020. This page provides the latest reported value for - South Africa Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Leading Business Cycle Indicator MoM - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Leading Economic Index in South Africa is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in South Africa to stand at 1.60 in 12 months time. In the long-term, the South Africa Leading Business Cycle Indicator MoM is projected to trend around 1.00 percent in 2022 and 0.80 percent in 2023, according to our econometric models.