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Financial News: South Africa Leading Index Improves In January

South Africa Leading Index Improves In January

03/20/2018 - 06:41:00 (RTTNews)

(RTTNews) - South Africa's leading index improved in January after remaining stable in the previous month, data from the South African Reserve Bank showed Tuesday.

The composite leading index climbed to 106.1 in January from 105.8 in the previous month.

Out of the ten components, five contributed positively to the headline index in January, while remaining five decreased.

The largest positive contributions in January resulted from an increase in the South African produced export commodity price index and a rise in the BER's Business Confidence Index.

On a yearly basis, growth in leading index accelerated slightly to 2.3 percent in January from 2.2 percent in December.

The coincident index that reflects the current economic activity dropped to 103.7 in December from 104.3 in August. The lagging index edged down to 95.0 from 96.1.

Yearly, the coincident index increased 1.9 percent in December, while the lagging index slid by 2.0 percent.

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