The South African Reserve Bank’s leading indicator, which provides a measure of economic growth for at least six months ahead, continued to rise in October month-on-month as well as year-on-year. The indicator rose 3.74% month-on-month and 5.62% year-on-year.

Apart from a slight drop in July, when it slipped from 108.5 to 108.0, the indicator has been rising every month since March.

The leading indicator was close to 130 for the whole of 2007 when the country enjoyed its best run since the Second World War.

Reported by Fin24