21 Jun.
Composite business cycle indicators for South Africa.
- The composite leading business cycle indicator decreased by 0,4 per cent in April 2011 compared with the preceding month. Six of the eleven component time series that were available for April 2011 decreased, while five increased. The major negative contributors to the movement in the leading indicator in April were the number of residential building plans passed and the twelve-month percentage change in the composite leading business cycle indicator of South Africa’s major trading-partner countries. The largest positive contribution came from the twelve-month percentage change in job advertisement space, followed by the export commodity price index.
- The composite coincident business cycle indicator increased by 0,3 per cent in March 2011 compared with the preceding month – its seventh consecutive monthly increase.
- The composite lagging business cycle indicator increased by 0,4 per cent in March 2011 compared with the preceding month. After decreasing notably since reaching its most recent peak in November 2008, the lagging indicator appears to have bottomed out in recent months.
Business cycle indicators data: June 2011.xls
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