logo
Plus   Neg
Share
Email

South Africa Leading Index Decreases For Second Month

South Africa's leading economic index dropped for a second straight month in August, survey data from the South African Reserve Bank showed on Tuesday.

The leading indicator dropped to 104.9 from 105.4 in July. Seven of the ten components decreased, while the remaining three increased, the central bank said.

The largest negative contributions came from a decrease in the South
African produced export commodity price index and a decrease in the
average number of hours worked in the manufacturing sector.

The biggest positive contributions came from an acceleration in the twelve-month percentage change in job advertisement space and an acceleration in the six-month smoothed growth rate in the real M1 money supply.

The coincident index fell to 103.1 in July from 103.3 in June.

The lagging index rose to 95 in July from 94.6 in June.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT