/Business indicator down 0.5% in August

Business indicator down 0.5% in August

Sales of commodities, vehicles sales and hours worked in the manufacturing sector decreased.


The indicator collects data to gauge the outlook for South Africa. Picture: Dean Hutton, Bloomberg

The South African Reserve Bank’s composite leading business cycle indicator fell 0.5% month-on-month in August as sales of commodities, vehicles sales and hours worked in the manufacturing sector decreased, data showed on Tuesday.

 

The indicator collects data including vehicle sales, job advertisements, business confidence and money supply to gauge the outlook for Africa‘s most industrialised economy.

 

Indices: 2015 = 100 June July  August
Leading Indicator  106.3 105.4 104.9
12-mth percentage change  5.1 2.0 1.5
Coincident Indicator  103.3 103.1
12-mth percentage change   1.1 0.7
Lagging Indicator  94.6 95.0
12-mth percentage change  -2.5 -0.9  –

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