South Africa cenbank business indicator down 0.3 pct in February




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JOHANNESBURG– The central leading business cycle indicator fell 0.3 percent month-on-month in February, triggered by a drop in the of residential building plans passed and a decline in the dollar-based commodity price index.

The indicator collates data including vehicle sales, job advertisements, business confidence and to gauge the economic outlook.

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Indices: 2010 = 100 Dec Jan Feb

Leading Indicator 98.7 98.9 98.7

12-mth percentage change -2.1 -2.4 -2.4

Coincident Indicator 118.9 118.5 —

12-mth percentage change 1.3 1.0 —

Lagging Indicator 105.7 105.1 —

12-mth percentage change -0.6 -0.7 —

 

  *(Reuters)*