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.