empty
 
 

2017.09.2603:45:00UTC+00South Africa Leading Index Climbs For Second Month

South Africa's leading index improved for the second straight month in July, data from the South African Reserve Bank showed Tuesday.

The composite leading index rose to 97.3 in July from 95.8 in June, which was revised up slightly from 95.7.

Out of the ten components, eight contributed positively to the headline index in July, while two decreased.

The largest positive contributions to the index came from an increase in the number of residential building plans passed, as well as an acceleration in the twelve-month percentage change in job advertisement space.

On a yearly basis, growth in leading index accelerated to 5.6 percent in July from 3.0 percent in June.

The coincident index that reflects the current economic activity dropped to 117.8 in June from 117.9 in May. Meanwhile, the lagging index improved to 99.0 from 98.3.

Yearly, the coincident index edged down at a steady rate of 0.1 percent in June, while the lagging index rose by 1.3 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 $9000 more!
    In May we raffle $9000 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