South Africa’s Leading Indicators Edge Higher in July, Signalling Firmer Growth Momentum

South Africa’s leading economic indicators inched up in July 2026, suggesting a modest strengthening in forward-looking growth signals. The composite index rose to 118.20%, up from 116.60% in June 2026.

The latest reading, updated on 22 September 2026, marks a continuation of the upward trend in the indicator, which is closely watched as an early gauge of the country’s economic trajectory. While the increase is incremental, the move above June’s level points to a slightly more positive outlook for economic activity in the coming months, assuming current conditions persist.