S.Africa cenbank business indicator down 0.2 pct in March - CNBC Africa

S.Africa cenbank business indicator down 0.2 pct in March

Southern Africa

by Reuters 0

S.Africa Central Bank business indicator down 0.2 pct in March.

The South African central bank's leading business cycle indicator fell 0.2 per cent month-on-month in March, weighed down by a drop in the number of residential building plans passed and a decline in the dollar-based export commodity price index.

The indicator collates data including vehicle sales, job advertisements, business confidence and money supply to gauge the economic outlook.

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