Economic transactions index continued its decline in November

Payments infrastructure company BankservAfrica's Economic Transactions Index (BETI) reached 130.4 in November, which is the exact same figure as November 2022, slipping from the level of 130.8 recorded in October. After a stronger-than-expected first half of the year, economic activity has levelled off in the final months of this year. The BETI data confirms that economic activity surprised on the upside in the first half of this year, while the gains were reversed in the subsequent five months.