South Africa business cycle in longest slump since 1945

The business cycle in SA is in its longest downward phase since records started in 1945. (AP Photo/Ben Margot, File)

The business cycle in SA is in its longest downward phase since records started in 1945. (AP Photo/Ben Margot, File)

Published Sep 26, 2018

Share

JOHANNESBURG - The business cycle in SA, where the economy entered its first recession in almost a decade in the second quarter, is in its longest downward phase since records started in 1945. 

It entered a 58th straight month of declines in September, central bank data showed Tuesday. 

The regulator monitors about 200 indicators representing economic processes such as production, sales, employment and prices to determine the direction of the trend.

-BLOOMBERG

Related Topics: