Reserve Bank says leading indicator increases
JOHANNESBURG – The South
Africa Reserve Bank (Sarb) yesterday said that its composite leading business cycle indicator increased 0.5 percent on a month to month basis in November 2019, as six of the 10 available component time series increased while four decreased.
Africa Reserve Bank (Sarb) yesterday said that its composite leading business cycle indicator increased 0.5 percent on a month to month basis in November 2019, as six of the 10 available component time series increased while four decreased.
The indicator lifted to 104.4 from 103.9 in October, and a reading of 103.2 in September 2019.
In August, the indicator The South African Reserve Bank’s (Sarb’s) composite leading business cycle indicator moderated modestly, driven by decline in the export commodity price index and a deterioration in business confidence.
Source: iol.co.za
