The South African Central Bank’s Leading Business Cycle Indicator Fell 0.8 In March

JOHANNESBURG, May 22 (Reuters) – The South African central
bank’s leading business cycle indicator fell 0.8 percent
month-on-month in March, weighed down by a slide in residential
building plans passed and a slower rate of money supply growth,
data showed on Tuesday.
The indicator collects data including vehicle sales, job
advertisements, business confidence and money supply to gauge
the outlook for Africa’s most industrialised economy.

Indices: 2010 = 100 Jan Feb March
Leading Indicator 106.8 108.3 107.4
12-mth percentage change 2.9 3.6 4.1
Coincident Indicator 102.8 102.5 —
12-mth percentage change 1.2 1.0 —
Lagging Indicator 93.5 94.7 —
12-mth percentage change -3.8 -2.8 —

(Reporting by Mfuneko Toyana
Editing by Ed Stoddard)