The composite leading business cycle indicator in South Africa increased 2.1 percent from a month earlier in January of 2021, the most since last October, after a 0.5 percent growth in December 2020. Increases in four of the ten available component time series outweighed decreases in the remaining six components. The largest contributors to the increase in the composite leading business cycle indicator in January 2021 were an acceleration in the 12-month rate of increase in job advertisement space and an increase in the US dollar-denominated South African export commodity price index. source: South African Reserve Bank

Leading Economic Index in South Africa averaged 0.19 percent from 1960 until 2021, 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 April of 2021.

Leading Economic Index in South Africa is expected to be -0.50 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 1.60 in 12 months time. In the long-term, the South Africa Leading Business Cycle Indicator MoM is projected to trend around 1.00 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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South Africa Leading Business Cycle Indicator MoM

Actual Previous Highest Lowest Dates Unit Frequency
2.10 0.50 4.60 -6.80 1960 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-15 07:00 AM Oct 3.1% 1.7% 1.3%
2021-01-27 04:30 AM Nov 1.0% 3.1% 2.7%
2021-02-23 07:00 AM Dec 0.5% 1.0% 1.6%
2021-03-23 07:00 AM Jan 2.1% 0.5% -0.4%
2021-04-20 07:00 AM Feb 2.1% 1.4%
2021-05-25 07:00 AM Mar
2021-06-22 07:00 AM Apr
2021-07-20 07:00 AM May

South Africa Business Last Previous Highest Lowest Unit
Business Confidence 35.00 40.00 92.00 5.00 points [+]
Manufacturing PMI 57.40 53.00 60.90 30.32 points [+]
Industrial Production -2.10 -4.20 18.50 -48.70 percent [+]
Industrial Production Mom -1.20 0.00 28.00 -43.70 percent [+]
Capacity Utilization 78.10 73.10 86.20 61.20 percent [+]
Changes in Inventories -115051.00 -144150.00 66699.00 -144150.00 ZAR Million [+]
Bankruptcies 178.00 122.00 511.00 0.00 Companies [+]
Total Vehicle Sales 44217.00 37521.00 65689.00 574.00 [+]
Car Registrations 27330.00 24270.00 43659.00 105.00 [+]
Leading Economic Index 2.10 0.50 4.60 -6.80 percent [+]
Internet Speed 6736.79 6595.61 6736.79 685.91 KBps [+]
IP Addresses 4274668.00 3727821.00 6727656.00 520279.00 IP [+]
Steel Production 292.30 325.60 885.00 3.00 Thousand Tonnes [+]
Mining Production 0.80 -8.40 23.20 -49.30 percent [+]
Coincident Index 94.00 94.30 141.17 70.10 points [+]
Competitiveness Index 62.44 60.76 62.44 4.31 Points [+]
Competitiveness Rank 60.00 67.00 67.00 35.00 [+]
Composite PMI 50.30 50.20 52.70 32.50 points [+]
Corruption Index 44.00 44.00 56.80 41.00 Points [+]
Corruption Rank 69.00 70.00 73.00 23.00 [+]
Ease of Doing Business 84.00 82.00 84.00 32.00 [+]
Electricity Production 18566.00 19772.00 23801.00 10439.00 Gigawatt-hour [+]
Gold Production -8.70 -14.10 75.70 -60.70 percent [+]


South Africa Leading Business Cycle Indicator MoM
In South Africa, the Composite Leading Business Cycle Indicator examines the direction in which real economic activity is moving, in real time. It is calculated on the basis of the following components: building plans approved, new passenger vehicles sold, commodity price index for main export commodities, index of prices of all classes of shares traded on the JSE, job advertisements, volume of orders in manufacturing, real M1, average hours worked per factory worker in manufacturing, interest rate spread, composite leading business cycle indicator of the major trading-partner countries, business confidence index, gross operating surplus as a percentage of GDP. The index has a base value of 100 as of 2010.