Financial News: South Africa Leading Index Falls In May

South Africa Leading Index Falls In May

07/23/2024 - 07:38:00 (RTTNews)

(RTTNews) - South Africa's composite leading index decreased in May after improving in the previous month, survey data from the South African Reserve Bank showed on Tuesday.

The composite leading index dropped 1.0 percent month-on-month to 111.9 in May from 113.0 in April.

Compared to a year ago, the index climbed 2.0 percent, versus an increase of 1.8 percent in the prior month.

In May, seven out of ten of the component time series decreased, while the remaining three strengthened, the survey said.

The largest negative contributors were a decrease in the number of residential building plans approved and a deceleration in the six-month smoothed growth rate in job advertisement space.

Data showed that the coincident index rose to 92.3 in April from 91.3 a month ago.

Similarly, the lagging indicator climbed to 106.8 in April from 105.2 in the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swiss Consumers More Pessimistic In August (09 hr(s), 21 min(s), 51 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained more negative in August, survey results from ...Full Story»

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips (09 hr(s), 54 min(s), 51 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Czech Industrial Output Decline Softens; Trade Deficit Narrows (10 hr(s), 31 min(s), 51 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the fifth straight month, ...Full Story»

U.S. Employment Climbs Less Than Expected In August (10 hr(s), 38 min(s), 51 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Eurozone GDP Growth Slows In Q2 (11 hr(s), 04 min(s), 51 sec(s) ago)
(RTTNews) - Euro area economic growth rate for the second quarter was revised down as the positive ...Full Story»

France Industrial Output Falls 0.5% (11 hr(s), 31 min(s), 51 sec(s) ago)
(RTTNews) - France's industrial production decreased more-than-expected in July after reboundi ...Full Story»

Italy Retail Sales Rebound 0.5% (12 hr(s), 18 min(s), 51 sec(s) ago)
(RTTNews) - Italy's retail sales increased more-than expected in July after falling in the pre ...Full Story»

French Trade Gap Narrows In July (12 hr(s), 49 min(s), 51 sec(s) ago)
(RTTNews) - France's trade deficit decreased in July from a year ago as imports fell faster th ...Full Story»