The composite leading business cycle indicator in South Africa advanced 2% from a month earlier in February of 2021, the most since last October and following a revised 0.5% drop in January. Increases in four of the ten available component time series outweighed decreases in the remaining six components. The largest positive contributions came from higher building plans approvals and job advertisements. source: South African Reserve Bank

Leading Economic Index in South Africa averaged 0.20 percent from 1960 until 2021, reaching an all time high of 4.80 percent in June of 2020 and a record low of -7.30 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 2.50 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 1.30 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.

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South Africa Leading Business Cycle Indicator MoM

Actual Previous Highest Lowest Dates Unit Frequency
2.00 -0.50 4.80 -7.30 1960 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-27 04:30 AM Nov 1.0% 3.1% 2.7%
2021-02-23 07:00 AM Dec 0.5% 1.0% 1.6%
2021-03-23 07:00 AM Jan 2.1% 0.5% -0.4%
2021-04-20 07:00 AM Feb 2% -0.5% 3.4%
2021-05-25 07:00 AM Mar 2%
2021-06-22 07:00 AM Apr
2021-07-20 07:00 AM May
2021-08-24 07:00 AM Jun


News Stream
South Africa Leading Index Rises 2% MoM in February
The composite leading business cycle indicator in South Africa advanced 2% from a month earlier in February of 2021, the most since last October and following a revised 0.5% drop in January. Increases in four of the ten available component time series outweighed decreases in the remaining six components. The largest positive contributions came from higher building plans approvals and job advertisements.
2021-04-20
South Africa Leading Index Rises the Most in 3 Months
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.
2021-03-23
South Africa Leading Index Rises the Least in 7 Months
The composite leading business cycle indicator in South Africa rose 0.5 percent from a month earlier in December of 2020, the least since May, after a 1.0 percent gain in November, amid the spread of a new variant of the coronavirus. Increases in four of the nine available component time series outweighed decreases in the remaining five. The largest contributors to the increase in the composite leading business cycle indicator in December were an increase in the US dollar-denominated South African export commodity price index and in the number of new passenger vehicles sold.
2021-02-23
South Africa Leading Business Index Rises the Least in 6 Months
The composite leading business cycle indicator in South Africa rose 1.0 percent from a month earlier in November of 2020, the least since May, after a 3.1 percent increase in October, amid the second wave of the coronavirus pandemic. Increases in five of the ten available component time series outweighed decreases in the remaining five. The main positive contributions came from an improvement in the business confidence index and an increase in the US dollar-denominated South African export commodity price index.
2021-01-27

South Africa Leading Business Cycle Indicator MoM
In South Africa, the Composite Leading Business Cycle Indicator examines the direction in which real economic activity is moving, in real time. It is calculated on the basis of the following components: building plans approved, new passenger vehicles sold, commodity price index for main export commodities, index of prices of all classes of shares traded on the JSE, job advertisements, volume of orders in manufacturing, real M1, average hours worked per factory worker in manufacturing, interest rate spread, composite leading business cycle indicator of the major trading-partner countries, business confidence index, gross operating surplus as a percentage of GDP. The index has a base value of 100 as of 2010.