Reserve Bank’s leading indicator drops off

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

South Africa Headlines News

The Bank’s composite leading business cycle indicator is a barometer of SA’s economic growth cycle

The SA Reserve Bank’s composite leading business cycle indicator declined in September, according to data published by the central bank on Tuesday.

The annual fall of 1.6% continues the streak of declines for the year. On a month-on-month basis it fell 0.6%. The leading indicator offers a projection of SA’s economic growth cycle for the next six to 12 months by measuring changes in a range of components over time, including among others the number of approved building plans, job advertisement space, manufacturing order volumes and passenger vehicles sold.

Decreases in four of the indicator’s nine components, outweighed increases in the remaining five, the bank said. The largest negative contributions to the movement in the leading indicator in September, came from declines in the number of residential building plans approved, and a deceleration in the 12-month percentage change in job advertisement space.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

African Bank’s digital focus pays off as retail deposits doubleThe group saw it third year of improved profitability to end-September, when retail deposits rose 115%
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: Aussie police brush off sex in the park incident as 'crazy once-off thing' | IOLPerth police don't seem to be a taking a recent case of a frisky couple having sex in a public park very seriously. The video of the couple having sex in full view of others was shared on Twitter. IOL_Lifestyle
Source: IOL - 🏆 46. / 51 Read more »

Mother of fallen firefighter says her family is sufferingA fire inside the Bank of Lisbon building saw three firefighters lose their lives last year. Shame...management should encourage workers to take life cover; more so when they work in high risk work like this one I hope the department sorts out the guy's wife and children for life... we need to have a serious conversation about Life cover/insurance, medical aid, hospital cover, income protection, disable cover etc. Too many young professionals sign contracts of employment get salaries and no one advices them on the important financial stuff.
Source: eNCA - 🏆 49. / 51 Read more »

LETTER: European ideas are destructiveVaunted ideas of freedom, democracy and business are leading to destructive climate change
Source: BDliveSA - 🏆 12. / 63 Read more »

An iced coffee dress and a feast on wheels - Vietnam and Malaysia's eye-catching Miss Universe costumesWhile some may opt for costumes that are subtle and reserved, countries like Vietnam and Malaysia are standing out with their over-the-top designs.
Source: Channel24 - 🏆 48. / 51 Read more »

'Generations: The Legacy' to go on month-long break'Generations: The Legacy' is reportedly going off air for a month. MoveMag Aaaaaa really now.....🙃
Source: Channel24 - 🏆 48. / 51 Read more »