SARB: Composite business cycle indicators for South Africa

20 Dec.

Composite business cycle indicators for South Africa.

The composite leading business cycle indicator increased by 0,3 per cent in October 2011 compared with the preceding month. Seven of the eleven component time series that were available for October 2011 increased, while four decreased. The major positive contributors to the movement in the leading indicator in October were the twelve-month percentage change in job advertisement space and the BER’s average hours worked in the manufacturing sector. The largest negative contribution came from the twelve-month percentage change in the export commodity price index, followed by the number of residential building plans passed.

The composite coincident business cycle indicator increased by 0,9 per cent in September 2011 compared with the preceding month.

The composite lagging business cycle indicator increased by 1,8 per cent in September 2011 compared with the preceding month.

Business cycle indicators data

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