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.

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South Africa Leading Business Cycle Indicator MoM



Related Last Previous Unit Reference
Capacity Utilization 77.10 77.90 percent Dec 2021
Leading Economic Index -0.10 1.00 percent Feb 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
-0.10 1.00 4.80 -6.80 1960 - 2022 percent Monthly
SA

News Stream
South Africa Leading Business Cycle Index Falters
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.
2022-04-26
South Africa Business Cycle Indicator Rebounds
The composite leading business cycle indicator in South Africa increased by 1.0 percent from a month earlier in January of 2022, rebounding from a downwardly revised 0.3 percent fall in December 2021, as four of the ten available component time series outweighed decreases in the remaining six. The largest increases were in the US dollar-denominated export commodity price index and the number of residential building plans approved, while the largest detractors were a deceleration in the six-month smoothed growth rate of job advertisement space and a decline in the volume of orders in manufacturing.
2022-03-22
South Africa Leading Index Falls for 1st Time in 3 Months
The composite leading business cycle indicator in South Africa decreased by 0.5 percent from a month earlier in December of 2021, reversing from an upwardly revised 1.3 percent rise in the previous month. It was the first negative reading since last September, as seven of the nine available component time series decreased, while one increased and one remained unchanged. The largest detractors in December 2021 were decelerations in the six-month smoothed growth rate in the real M1 money supply and in the twelve-month percentage change in the composite leading business cycle indicator for South Africa’s main trading partner countries. An acceleration in the six-month smoothed growth rate of job advertisement space contributed positively to the indicator.
2022-02-22