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Economy And The Numbers

South Africa Leading Index Rises In February

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

South Africa's composite leading index improved somewhat in February, survey data from the South African Reserve Bank showed on Tuesday.

The composite leading index rose 0.5 percent month-on-month to 120.2 in February from 119.6 in January.

Seven out of the 10 available component time series outweighed decreases in the other 3 components.

The largest positive contributors were increases in the number of residential building plans approved and South Africa's US-dollar-denominated export commodity price index.

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