SA leading business cycle indicator falls 2.3% in August
A South African composite leading business cycle indicator decreased 2.3% month on month in August, central bank data showed on Tuesday.
The indicator collects data on vehicle sales, business confidence, money supply and other factors to gauge the outlook for Africa’s most industrialised economy.
| Indices: 2015 = 100 | June | July | August |
| Leading Indicator | 127.5 | 126.2 | 123.4 |
| 12-mth percentage change | -2.6 | -1.0 | -3.0 |
| Coincident Indicator | 95.8 | 96.2 | — |
| 12-mth percentage change | 1.2 | 3.5 | — |
| Lagging Indicator | 97.6 | 97.4 | — |
| 12-mth percentage change | 9.2 | 4.8 | — |
Source: moneyweb.co.za
