The composite leading business cycle indicator in South Africa fell by 2.3% from a month earlier in June of 2021, the most since April of 2020, following a 2.3% rise in May. All nine of the available component time series decreased, with the number of residential building plans approved and in the US dollar-denominated South African export commodity price index contributing the most to the overall decline. source: South African Reserve Bank
Leading Economic Index in South Africa averaged 0.21 percent from 1960 until 2021, 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 September of 2021.
Leading Economic Index in South Africa is expected to be 0.80 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 2.40 percent in 2022 and 2.80 percent in 2023, according to our econometric models.