News Formal

Business cycle indicator falls in May

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The numbers reflect the general economic weakness in the second quarter 🔒

Business activity was under significant pressure in May as SA grappled with the fallout of severe flooding in KwaZulu-Natal and load-shedding, data from the Reserve Bank showed on Tuesday.

The Bank’s composite leading business cycle indicator for May, which offers a projection of SA’s economic growth cycle for the next 6-12 months, decreased by 0.7% on a monthly basis and a much heftier 8.5% annual contraction. Seven of the 10 components comprising the indicator outweighed increases in the remaining three. ..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The metaverse won't kill business travel in SA – but high fuel costs may, say experts | BusinessinsiderSouth African companies are unlikely to ditch business travel in favour of metaverse meetings, but rising fuel costs, making flights more expensive, will suppress the recovery of work-related trips.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Watch: How to finance your small business | The CitizenYou cannot start and grow a business without money so it is important to know how you will be financing your small business.
Source: TheCitizen_News - 🏆 6. / 75 Read more »