The South African central bank's monthly economic indicator nudged higher for the third month in November, increasing by 0.6% month-on-month to 132.2 after another slight increase in October, the South African Reserve Bank said on Tuesday.

The indicator collates data such as business confidence, job advertisements and the volume of manufacturing orders to gauge the economic outlook, and has been soft but gradually picking up in 2011.

Source - EngineeringNews

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