S.Africa cenbank business indicator down 0.2 pct in March

by Reuters 0

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.