The composite leading business cycle indicator in South Africa rose by 0.4% month-over-month in June of 2022, following a 0.7% decline in the previous month, as increases in 5 of the 9 available component time series outweighed decreases in the remaining 4. The largest positive contributors were an increase in the number of residential building plans approved and an acceleration in the six-month smoothed growth rate in new passenger vehicle sales. By contrast, the largest detractors were a narrowing of the interest rate spread and a decrease in the US dollar-denominated export commodity price index. 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 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 September of 2022.

Leading Economic Index in South Africa is expected to be -0.20 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 1.80 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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South Africa Leading Business Cycle Indicator MoM



Related Last Previous Unit Reference
Capacity Utilization 77.70 77.10 percent Mar 2022
Leading Economic Index 0.40 -0.70 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 -0.70 5.10 -6.00 1960 - 2022 percent Monthly
SA

News Stream
South Africa Leading Business Cycle Index Rebounds
The composite leading business cycle indicator in South Africa rose by 0.4% month-over-month in June of 2022, following a 0.7% decline in the previous month, as increases in 5 of the 9 available component time series outweighed decreases in the remaining 4. The largest positive contributors were an increase in the number of residential building plans approved and an acceleration in the six-month smoothed growth rate in new passenger vehicle sales. By contrast, the largest detractors were a narrowing of the interest rate spread and a decrease in the US dollar-denominated export commodity price index.
2022-08-23
South African Economic Outlook Remains Subdued
The composite leading business cycle indicator in South Africa fell 0.7% month-over-month in May of 2022, following an upwardly revised 0.8% drop in April, pushed down by decreases in US dollar-denominated export commodity price index and in the number of residential building plans approved. On the other hand, the largest positive contributors were an acceleration in the six-month smoothed growth rate in job advertisement space and a widening of the interest rate spread. The indicator collects data on vehicle sales, business confidence, money supply and other indicators to gauge the outlook for the South African economy.
2022-07-26
South Africa Business Cycle Indicator Drops in April
The composite leading business cycle indicator in South Africa fell by 0.3% from a month earlier in April of 2022, following an upwardly revised 1% rise in March, as decreases in 5 of the 10 available component time series outweighed increases in the remaining 5. The largest detractors were a deceleration in the six-month smoothed growth rate of new passenger vehicle sales and a decrease in the US dollar-denominated export commodity price index. On the other hand, there was an acceleration in the six-month smoothed growth rate of job advertisement space and a widening in the interest rate spread.
2022-06-21