Reserve Bank indicator up 0.8 pct in August

The South African central bank's leading business cycle indicator rose 0.8 percent month-on-month in August.
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JOHANNESBURG (Reuters) – The South African central bank's leading business cycle indicator rose 0.8 percent month-on-month in August, due to an increase in the number of residential building plans passed and higher volumes in manufacturing orders, a report showed on Tuesday.

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

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