South Africa's private sector credit growth accelerated in October, after slowing in the previous month, data from the South African central bank showed Friday.
Claims on the domestic private sector rose 9.06 percent annually following 8.74 percent growth in September and 8.78 percent in August. Economists had expected 9 percent increase.
Total loans and advances grew 8.72 percent after 8.79 percent increase in the previous month.
M3 money supply rose 8.02 percent annually in October following 7.86 percent growth in September. Economists had forecast 8.08 percent increase.
by RTT Staff Writer