South Africa's leading index improved marginally in February, while the coincident indicator eased in January from the prior month, South African Reserve Bank said Tuesday.
The composite leading business cycle indicator increased 0.1 percent on a monthly basis, with four of the eleven components improving and seven easing in February.
While an increase in the number of residential building plans passed and improvement in the BER's business confidence strengthened the indicator, a decrease in the twelve-month percentage change in job advertisement space made negative contribution.
The composite coincident business cycle indicator, that measures current economic situation, dropped 0.1 percent on a month-to-month basis in January. At the same time, the composite lagging business cycle indicator rose 0.7 percent.
For comments and feedback: editorial@rttnews.com