24 Jan.
Composite business cycle indicators for South Africa.
The composite leading business cycle indicator increased by 0,6 per cent in November 2011 compared with the preceding month. Six of the eleven component time series that were available for November 2011 increased, while five decreased. The major positive contributors to the movement in the leading indicator in November were the BER’s average hours worked per factory worker in the manufacturing sector and the number of residential building plans passed. The largest negative contribution came from the twelve-month percentage change in the composite leading business cycle indicator of South Africa’s major trading-partner countries, followed by the twelve-month percentage change in the number of passenger vehicles sold.
The composite coincident business cycle indicator decreased by 0,3 per cent in October 2011 compared with the preceding month.
The composite lagging business cycle indicator increased by 0,3 per cent in October 2011 compared with the preceding month.
Business cycle indicators data
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