Composite business cycle indicators for South Africa.
The composite leading business cycle indicator increased by 0,1 per cent in March 2012 compared with the preceding month. Five of the ten component time series that were available for March 2012 increased, while five decreased. The major positive contributions to the movement in the leading indicator in March came from an acceleration in the twelve-month percentage change in job advertisement space, followed by an acceleration in the twelve-month percentage change in the composite leading business cycle indicator of South Africa’s major trading-partner countries. The largest negative contributions in March came from a decrease in the export commodity price index, as well as a decline in the average hours worked in the manufacturing sector.
The composite coincident business cycle indicator increased by 0,5 per cent on a month-to-month basis in February 2012.
The composite lagging business cycle indicator decreased by 0,5 per cent in February 2012.
This Press release