The composite leading business cycle indicator in South Africa advanced 2% from a month earlier in February of 2021, the most since last October and following a revised 0.5% drop in January. Increases in four of the ten available component time series outweighed decreases in the remaining six components. The largest positive contributions came from higher building plans approvals and job advertisements. source: South African Reserve Bank
Leading Economic Index in South Africa averaged 0.20 percent from 1960 until 2021, reaching an all time high of 4.80 percent in June of 2020 and a record low of -7.30 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 2.50 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 1.30 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.