SARB indicator steady in December

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IOL economy arrows Filomena Scalise

Johannesburg - The central bank's monthly leading business cycle indicator was unchanged on a month-on-month basis in December, partly as a lack of jobs advertised was countered by an increase in the number of residential buildings likely to be built.

The South African Reserve Bank's indicator collates data such as vehicle sales, job advertisements, business confidence and money supply to gauge the economic outlook.

Indices: 2010 = 100 Dec Nov Oct

Leading Indicator 100.2 100.2 100.5

12-mth percentage change -0.8 -0.1 0.6

Coincident Indicator - 117.1 116.1

12-mth percentage change - 2.4 2.5

Lagging Indicator - 103.4 103.1

12-mth percentage change - 2.6 2.9 - Reuters

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