The composite leading business cycle indicator in South Africa declined by 0.9 percent month-over-month in October of 2022, following a downwardly revised 0.9 percent growth in September, weighed down by six of the ten available component time series. The largest negative contributors were decelerations in the six-month smoothed growth rate of both job advertisement space and new passenger vehicle sales. By contrast, positive contribution came from an increase in the number of residential building plans approved and a rise in the volume of orders in manufacturing. Year-on-year, the leading business cycle indicator fell 1.9 percent, after a 1.1 percent drop in September. source: South African Reserve Bank
Leading Economic Index in South Africa averaged 0.21 percent from 1960 until 2022, reaching an all time high of 5.10 percent in June of 2020 and a record low of -6.00 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 January of 2023.
Leading Economic Index in South Africa is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Leading Business Cycle Indicator MoM is projected to trend around 1.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.