SA economic outlook set to improve

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Cape Town - Encouraging data from the South African Reserve Bank indicate an expected upturn in the economy in 2017, says Overberg Asset Management in its weekly overview of the SA economic landscape.

The SARB composite leading business cycle indicator increased from 94.9 in October to 95.6 in November gaining for a fourth straight month and rising on a year-on-year basis by 2.6% to its highest level since March 2015, it said.

Both the purchasing managers’ index (PMI) and SARB leading indicator indices are forward looking, which bodes well for the expected upturn in the economy in 2017, according to OAM.

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