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Positive Y/Y House Price Growth in March

South African bond originator ooba (formerly Mortgage SA) said property prices reflected a positive year-on-year growth in March, up 1,1 percent from the previous year.

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PPI Up Slightly in March

| News by Staff Reporter

The PPI in March 2011 was 0,6% higher than the annual rate in February 2011


The Producer Price Index (PPI) in March 2011 was +7,3 percent according to statistics firm Stats SA.

The PPI for domestic output showed “an annual rate of change of +7,3 percent in March 2011 (i.e. the PPI in March 2011 compared with March 2010),” said Stats SA.

The annual rate of +7,3 percent is 0,6 of a percentage point higher than the corresponding annual rate of +6,7 percent in February 2011, according to official data.

From February 2011 to March 2011 Stats SA said there was a month-on-month increase in domestic output of 0,9 percent.


Source: www.bizpremises.co.za