The composite leading business cycle indicator in South Africa edged down by 0.1 percent from a month earlier in February of 2022, following a 1.0 percent gain in the previous month, weighed down by six of the ten available component time series. Downward pressure came mostly from a drop in the number of residential building plans approved and slower growth in the six-month smoothed growth rate of new job advertisement space. The downturn was limited by an increase in the US dollar-denominated export commodity price index and a widening interest rate spread. 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 4.80 percent in June of 2020 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 May of 2022.
Leading Economic Index in South Africa is expected to be 3.00 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 2.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.