The composite leading business cycle indicator in South Africa increased 2.7 percent month-to-month in June of 2020, following an upwardly revised 4.9 percent fall in May and a record 6.8 percent drop in April. The largest positive contributions came from increases in the number of residential building plans approved and in new passenger vehicles sold. The negative contributors were a deceleration in the six-month M1 growth rate and a narrowing in the interest rate spread.
Leading Economic Index in South Africa averaged 0.18 percent from 1960 until 2020, reaching an all time high of 4.60 percent in January of 1980 and a record low of -6.80 percent in April of 2020. This page provides the latest reported value for - South Africa Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Leading Business Cycle Indicator MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: South African Reserve Bank
Leading Economic Index in South Africa is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in South Africa to stand at 0.60 in 12 months time. In the long-term, the South Africa Leading Business Cycle Indicator MoM is projected to trend around 0.50 percent in 2021 and 0.30 percent in 2022, according to our econometric models.