JOHANNESBURG– The South African central bank’s leading business cycle indicator fell 0.3 percent month-on-month in February, triggered by a drop in the number of residential building plans passed and a decline in the dollar-based export commodity price index.
The indicator collates data including vehicle sales, job advertisements, business confidence and money supply 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 —