The composite leading business cycle indicator in South Africa fell by 0.3% from a month earlier in April of 2022, following an upwardly revised 1% rise in March, as decreases in 5 of the 10 available component time series outweighed increases in the remaining 5. The largest detractors were a deceleration in the six-month smoothed growth rate of new passenger vehicle sales and a decrease in the US dollar-denominated export commodity price index. On the other hand, there was an acceleration in the six-month smoothed growth rate of job advertisement space and a widening in the 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 5.10 percent in June of 2020 and a record low of -6 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 July of 2022.
Leading Economic Index in South Africa is expected to be 0.90 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 1.80 percent in 2023 and 3.00 percent in 2024, according to our econometric models.