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South Africa Leading Index Eases In November

South Africa's leading index slowed marginally in November, after rising in the previous month, survey data from the South African Reserve Bank showed on Tuesday.

The leading indicator eased to 105.5 in November from 105.8 in December. In September, the score was 105.5.

Over the past 12 months, the index fell 0.1 percent following a rise of 0.3 percent in October.

Seven of the ten components decreased in November, while the remaining three increased, the central bank said.

The biggest negative contributions came from deceleration in the twelve-month percentage changes in job advertisement space and in the composite leading business cycle indicator for South Africa's major trading-partner countries, the SARB said.

The largest positive contributions came from increases in the number of residential building plans approved and in the volume of orders in manufacturing.

The coincident index fell to 104.5 in October from 103.7 in September.

The lagging index rose to 95.5 in October from 95.3 in September.

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