SARB indicator edges up 0.1%

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IOL economy arrows Filomena Scalise

Johannesburg - The central bank's monthly leading business cycle indicator crept up 0.1 percent in May, largely driven by increased job advertising space and a rise in residential building plans passed, a report showed on Tuesday.

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 March April May

Leading Indicator 99.5 99.5 99.6

12-mth percentage change -2.0 -1.5 -1.2

Coincident Indicator 117.3 118.3 -

12-mth percentage change 3.3 3.7 -

Lagging Indicator 102.2 104.3 -

12-mth percentage change -0.2 1.3 -

- Reuters

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