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Reserve Bank indicator ticks up

Dec 19 2012 09:43 Reuters

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Johannesburg - The South African Reserve Bank's monthly leading business cycle indicator rose by 0.6% in October from September, helped by strong sales of new passenger cars, a survey showed on Wednesday. 

The indicator collates data such as vehicle sales, job advertisements, business confidence and money supply to gauge the economic outlook.

 

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sarb  |  leading indicator

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