/ 25 May 2000

NEW ECONOMIC INDEX LAUNCHED

THE South African Chamber of Business and Standard Bank are launching a monthly trading conditions survey, which will be published as the Trade Activity Index. The index will relate current economic activity to an economic forecasts index for the next six months. The TAI will be the third economics index in South Africa, after Sacob’s Business Confidence Index and Reuters’s EconoMeter which registers economists’ forecasts on the local economy.