Africa Data Response Nigeria Consumer Prices (Dec.) The latest jump in Nigerian inflation, to 15.8% y/y in December, on the back of mounting food price pressures will probably take monetary easing off the table in the near term. 15th January 2021 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Dec.) The fall in South Africa’s manufacturing PMI in December points to the recovery grinding to a halt at the end of 2020. The recent tightening of virus containment measures, and the slow and limited... 8th January 2021 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Nov.) Another jump in Nigerian inflation, to 14.9% y/y in November, will probably be followed by elevated readings in the coming months. But as the headline rate peaks, probably in early 2021, we think that... 15th December 2020 · 2 mins read
Africa Data Response South Africa Consumer Prices (Nov.) The slight drop in South African inflation, to 3.2% y/y in November, will probably be followed by similarly soft readings in the near term. This, coming alongside a lacklustre economic recovery, means... 9th December 2020 · 2 mins read
Africa Data Response South Africa GDP (Q3) The stronger-than-expected rebound in South Africa’s GDP in Q3 is overshadowed by more recent data pointing to a stuttering recovery. And concerns about a second wave of COVID-19 as well as harsh... 8th December 2020 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Nov.) The sharp fall in South Africa’s manufacturing PMI in November points to the recovery hitting the brakes in the middle of Q4 and, while recent developments regarding vaccines have brightened the... 1st December 2020 · 2 mins read
Africa Data Response South Africa Consumer Prices (Oct.) The rise in South African inflation, to 3.3% y/y in October, was driven by stronger food inflation and so is unlikely to be a major concern for the Reserve Bank. Subdued core price pressures and a... 25th November 2020 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Oct.) The rise in Nigerian inflation in October, to 14.2% y/y, will probably prevent policymakers from continuing their easing cycle next week. But we think that further cuts lie in store in early 2021. 16th November 2020 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Oct.) The rise in South Africa’s manufacturing PMI in October was distorted by a pick-up in supplier delivery times and, if anything, the survey suggests that the recovery continued to lose steam at the... 2nd November 2020 · 2 mins read
Africa Data Response South Africa Consumer Prices (Sep.) The small drop in South African inflation, to 3.0% y/y in September, won’t be sufficient to prompt policymakers to resume their easing cycle. Equally, it reinforces the idea that price pressures are... 28th October 2020 · 2 mins read
Africa Data Response Nigeria CPI (Sep.) The increase in Nigerian inflation in September, to 13.7% y/y, will probably be followed by similarly high inflation readings in the coming months. The central bank is likely to keep its benchmark... 15th October 2020 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Sep.) The rise in in South Africa’s manufacturing PMI in September suggests that further easing of the country’s lockdown measures has boosted activity. But there remain many obstacles to a sustained... 1st October 2020 · 2 mins read
Africa Data Response South Africa Consumer Prices (Aug.) The slight fall in South African inflation, to 3.1% y/y in August, is likely to be followed by subdued inflation rates over the next few months. Even so, the SARB’s easing cycle has now come to an end... 30th September 2020 · 2 mins read
Africa Data Response Nigeria CPI (Aug.) The increase in Nigerian inflation in August, to 13.2% y/y, will probably stay the hand of policymakers at next week’s MPC meeting. But, with a weak economic recovery, there may still be scope for an... 15th September 2020 · 2 mins read
Africa Data Response South Africa GDP (Q2) The huge fall in South Africa’s GDP in Q2 confirms our pessimistic outlook for the economy and, with fiscal austerity on the horizon, the recovery will be weak. Policymakers at the central bank will... 8th September 2020 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Aug.) The jump in South Africa’s manufacturing PMI in August confirms that the sector was boosted as the country eased lockdown restrictions further. But with power cuts becoming a problem once again and... 1st September 2020 · 2 mins read
