South Africa Economic Indicator (Monthly Report) - July 2019

In May, household credit growth remained more or less steady at 6.1% year-on-year compared with 6% recorded in April. Aggregating seasonally adjusted growth by type of credit, the month-on-month momentum in households’ credit still appeared fairly strong. Month-on-month growth in households’ mortgage advances also improved slightly, although this remained weaker than late last year.

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