Johannesburg - The central bank's monthly leading business cycle indicator was unchanged on a month-on-month basis in April, mostly due to a decline in the volume of orders in manufacturing.
The South African Reserve Bank indicator collates data such as vehicle sales, job advertisements, business confidence and money supply to gauge the economic outlook.
Indices: 2010 = 100 Feb March April
Leading Indicator 100.7 99.5 99.5
12-mth percentage change -1.6 -2.0 -1.5
Coincident Indicator 117.0 116.0 -
12-mth percentage change 3.4 2.1 -
Lagging Indicator 103.5 101.9 -
12-mth percentage change 1.6 -0.5 - - Reuters