SA lead­ing in­di­ca­tor falls

Finweek English Edition - - ECONOMIC TRENDS -

THE RE­SERVE BANK’S lead­ing in­di­ca­tor for South Africa fell for a sec­ond con­sec­u­tive month in April, sig­nalling a slow­down in growth ahead. The lead­ing in­di­ca­tor “leads” eco­nomic ac­tiv­ity by com­pil­ing a set of sta­tis­tics that shows the road ahead for eco­nomic growth. These sta­tis­tics in­clude the opin­ion sur­vey of vol­ume of or­ders in man­u­fac­tur­ing, busi­ness con­fi­dence sur­vey and com­mod­ity prices in US dol­lars for a bas­ket of SA’s ex­port com­modi­ties.

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