Johannesburg - The South African Reserve Bank’s monthly
leading business cycle indicator continued to decline in June, falling 1.1%
from May as export prices for commodities deteriorated, a survey showed on
Tuesday.
The indicator was at its lowest since February 2010 when it
hit 127.4 points, the Bank said.
The indicator collates data such as vehicle sales, job advertisements, business confidence and money supply to gauge the economic outlook.
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