GOOD COR­RE­LA­TION

Finweek English Edition - - ECONOMIC TRENDS -

SA’s lead­ing in­di­ca­tor has a good cor­re­la­tion with the Or­gan­i­sa­tion for Eco­nomic Co­op­er­a­tion and De­vel­op­ment’s (OECD, the rich coun­tries’ club) lead­ing in­di­ca­tor (with a short lag). SA’s lead­ing in­di­ca­tor tends to lag the global eco­nomic cy­cle, both into a slow­down as well as into re­cov­ery, but by only around one to three months. That re­la­tion­ship ap­pears to have be­come stronger over the years. OECD lead­ing in­di­ca­tor vs SA lead­ing in­di­ca­tor

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