empty
 
 

2018.09.2504:00:00UTC+00South Africa's Leading Index Weakens In July

South Africa's leading index decreased in July after improving in the previous month, data from the South African Reserve Bank showed Tuesday.

The composite leading index dropped to 105.4 in July from 106.3 in June.

Out of the ten components, seven contributed negatively to the headline index in July, while the remaining three increased.

The largest negative contributions to the movement in the composite leading business cycle indicator in July resulted from a decrease in the twelvemonth percentage change in job advertisement space and a decrease in the average number of hours worked in the manufacturing sector.

On a yearly basis, growth in leading index eased to 2.0 percent in July from 5.1 percent in June.

Meanwhile, the coincident index that reflects the current economic activity rose to 103.4 in June from 102.9 in May. However, the lagging index fell to 94.1 from 94.3.

Yearly, the coincident index increased 1.2 percent in June, while the lagging index slid by 3.0 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback