21 January 2020 - 10:11The SA Reserve Bank’s composite leading business cycle indicator declined on an annualised basis for the 14th consecutive month in November, according to data published by the central bank on Tuesday.
The leading indicator offers a projection of SA’s economic growth cycle for the next six to 12 months by measuring changes in a range of components over time, including among others the number of approved building plans, job advertisement space, manufacturing order volumes and passenger vehicles sold.
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