47 A note on Business Cycles

There are three types of business cycle indicators that are reported on a) The composite leading business cycle indicator which for example includes the number of residential building plans passed, and the interest rate spread. It also looks at the percentage change in the composite leading business cycle indicators for South Africa’s major trading-partner countries, and changes in the US dollar based export commodity price index.

Then these is the composite coincident business cycle indicator.

and the composite lagging business cycle indicator.