Johannesburg - The central bank's monthly leading business cycle indicator rose 0.3 percent month-on-month in July, largely driven by the manufacturing sector, a report by the South African Reserve Bank (SARB) showed on Tuesday.
The indicator increased for the third consecutive month.
The SARB indicator collates data such as vehicle sales, job advertisements, business confidence and money supply to gauge the economic outlook.
Indices: 2010 = 100 May June July
Leading Indicator 99.5 99.9 100.2
12-mth percentage change -1.3 0.1 0.5
Coincident Indicator 115.2 116.2 -
12-mth percentage change -0.2 1.2 -
Lagging Indicator 102.0 102.3 -
12-mth percentage change -1.2 -1.9 - - Reuters