Composite business cycle indicators for South Africa

23 Nov.

Composite business cycle indicators for South Africa.

• The composite leading business cycle indicator decreased by 0,3 per cent in September 2011 compared with the preceding month. Five of the ten component time series that were available for September 2011 decreased, while five increased. The major negative contributors to the movement in the leading indicator in September 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 the number of new passenger vehicles sold, followed by the prices of all classes of shares traded on the JSE.
• The composite coincident business cycle indicator increased by 0,9 per cent in August 2011 compared with the preceding month.
• The composite lagging business cycle indicator decreased by 2,0 per cent in August 2011 compared with the preceding month.

Business cycle indicators (Excel)

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