TABLE-South African leading business cycle indicator down 0.7% in August

Author Logo | Tue, 22 Oct 2024 07:10:01 GMT

JOHANNESBURG, Oct 22 (Reuters) – South Africa’s composite leading business cycle indicator fell 0.7% 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: 2019 = 100 June July August Leading Indicator 112.8 113.6 112.8 Monthly percentage change -0.1 0.7 -0.7 12-mth percentage change 2.8 4.0 2.4 (Reporting by Tannur Anders Editing by Alexander Winning)

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