South Africa Leading Index Rises for 2nd Month âšī¸
The composite leading business cycle indicator in South Africa advanced in October 2024, driven by increases in eight of the ten available component time series, with the most significant positive contributors being an acceleration in new passenger vehicle sales and job advertisements, offsetting declines in residential building plans approved and real M1 money supply growth.
The article provides information about the South African composite leading business cycle indicator, which is a broad measure of economic activity. The positive contributors, such as increased vehicle sales and job advertisements, suggest a generally healthy economic environment. However, the negative contributors, like declines in residential building plans and money supply growth, indicate some potential areas of concern. Overall, the mixed signals suggest a neutral impact on the given investment portfolio, which has a diversified exposure across global markets and sectors.