The composite leading business cycle indicator in South Africa rose 3.7 percent from a month earlier in August of 2020, following a 2.6 percent increase in July. It was the strongest reading since January of 2010, with all 10 available component time series increasing as activity levels in the economy continued to rebound amid the further easing in lockdown restrictions. The largest positive contributions to the movement in the composite leading business cycle indicator resulted from increases in the US dollar-denominated South African export commodity price index and the RMB/BER Business Confidence Index.
Leading Economic Index in South Africa averaged 0.18 percent from 1960 until 2020, 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 October of 2020. source: South African Reserve Bank
Leading Economic Index in South Africa is expected to be -3.80 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 0.50 in 12 months time. In the long-term, the South Africa Leading Business Cycle Indicator MoM is projected to trend around 1.60 percent in 2021 and 0.70 percent in 2022, according to our econometric models.