The composite leading business cycle indicator in South Africa fell 0.3 percent from a month earlier in January 2020, following an upwardly revised 0.5 percent contraction in December 2019. This was the second straight decline in the indicator, as six of the ten available components decreased. The largest negative contributions resulted from a drop in the twelve-month percentage change in job advertisement space and a decrease in BER's Business Confidence Index. Year-on-year, the leading business cycle indicator fell 0.7 percent, after an upwardly revised 0.9 percent decline in December.
Leading Economic Index in South Africa averaged 0.19 percent from 1960 until 2020, reaching an all time high of 4.60 percent in January of 1980 and a record low of -3.60 percent in November of 2008. 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 2020. source: South African Reserve Bank
Leading Economic Index in South Africa is expected to be -0.40 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 0.20 in 12 months time. In the long-term, the South Africa Leading Business Cycle Indicator MoM is projected to trend around 0.30 percent in 2021 and 0.40 percent in 2022, according to our econometric models.