JOHANNESBURG (Reuters) – A South African composite leading business cycle indicator increased 0.6% month on month in March, central bank data showed on Tuesday.
The indicator collects data on vehicle sales, business confidence, money supply and other factors to gauge the outlook for Africa’s most industrialised economy.
Indices: 2015 = 100 January February March
Leading Indicator 127.3 127.2 128.0
12-mth percentage change 5.8 3.0 0.5
Coincident Indicator 95.9 95.9 —
12-mth percentage change 3.9 3.1 —
Lagging Indicator 92.8 93.7 —
12-mth percentage change 3.6 6.1 —
(Reporting by Alexander Winning; Editing by Olivia Kumwenda-Mtambo)
