26 Oct.
Composite business cycle indicators for South Africa.
The composite leading business cycle indicator decreased by 2,1 per cent in August 2011 compared with the preceding month. Ten of the eleven component time series that were available for August 2011 decreased, while one increased. The major negative contributors to the movement in the leading indicator in August were the twelve-month percentage change in the composite leading business cycle indicator of South Africa’s major trading-partner countries, followed by the prices of all classes of shares traded on the JSE. The only positive contribution came from the export commodity price index.
The composite coincident business cycle indicator decreased by 1,2 per cent in July 2011 compared with the preceding month, as widespread industrial action impacted negatively on industrial output during the month.
The composite lagging business cycle indicator decreased by 0,3 per cent in July 2011 compared with the preceding month.
Business cycle indicators data
Discussion
Comments are closed.