ECONOMIC WEEK AHEAD: August trade balance and credit data in spotlight

Corporate credit extension expected to have increased

​Corporate credit extension expected to have increased   

At the start of the week, the SA Reserve Bank will release August’s private sector credit extension (PSCE) data.

In July, PSCE growth moderated to 3.5% year on year, down from 4.3% in June. This slowdown was primarily driven by a deceleration in corporate credit growth, which eased to 3.7% from 5.1% year on year. Household credit growth also moderated slightly, from 3.3% to 3.2% year on year over the same period…

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