Africa Data Response South Africa Activity Data (Aug.) South Africa’s hard activity data for August point to a bumpy recovery following a large hit to the economy in July, adding to reasons to think that interest rates are unlikely to be raised imminently... 13th October 2021 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Sep.) South Africa’s manufacturing PMI softened last month, pointing to a slowdown in the rebound from the hit to activity in July from tighter virus containment measures and violent unrest. Supply... 1st October 2021 · 2 mins read
Africa Data Response South Africa Consumer Prices (Aug.) South Africa’s headline inflation rate picked up to 4.9% y/y in August but the temporary factors behind the rise are unlikely to worry policymakers. Subdued core price pressures and the slow economic... 22nd September 2021 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Aug.) The drop in the headline inflation rate in Nigeria, to 17.0% y/y in August was, once again, driven by easing food price pressures, although core inflation also eased. This is likely to reassure... 15th September 2021 · 2 mins read
Africa Data Response South Africa Manufacturing Production (Jul.) South Africa’s manufacturing sector suffered a larger-than-expected fall in output in July and, while more timely data point to a rebound in activity, the weakness in July has increased the chances... 9th September 2021 · 2 mins read
Africa Data Response South Africa GDP (Q2) South Africa’s economy grew by a better-than-expected 1.2% q/q in Q2 as strong growth in exports made up for weak domestic demand. Tighter virus restrictions and violent unrest weighed on activity at... 7th September 2021 · 3 mins read
Africa Data Response South Africa Manufacturing PMI (Aug.) South Africa’s manufacturing PMI bounced back last month following a sharp drop in activity in July on the back of violent unrest and tighter virus containment measures. But persistent headwinds will... 1st September 2021 · 2 mins read
Africa Data Response Nigeria GDP (Q2) The pick-up in Nigeria’s headline GDP growth to 5.0% y/y in Q2 was largely reflective of favourable base effects created by the sharp downturn a year ago. It appears that the underlying pace of growth... 26th August 2021 · 2 mins read
Africa Data Response South Africa Consumer Prices (Jul.) South Africa’s headline inflation rate eased in July, to 4.6% y/y, as fears that recent violent unrest would fuel inflation pressures proved to be overdone. Underlying price pressures remain soft and... 18th August 2021 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Jul.) Policymakers will probably take comfort in the latest fall in Nigeria’s headline inflation rate, to 17.4% y/y in July, even as price pressures mount in major price categories outside of food. Interest... 17th August 2021 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Jul.) South Africa’s manufacturing PMI tanked in July as activity was hit by violent unrest and tighter virus containment measures. And while activity is likely to rebound this month, South Africa’s... 2nd August 2021 · 2 mins read
Africa Data Response South Africa Consumer Prices (Jun.) South Africa’s headline inflation rate eased in June, to 4.9% y/y, and with soft underlying price pressures and clouds over the economic recovery, the Reserve Bank will stand pat at tomorrow’s MPC... 21st July 2021 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Jun.) The latest drop in Nigeria’s headline inflation rate, to 17.8% y/y in June, is likely to reassure policymakers that price pressures are softening and that policy tightening is not necessary to curb... 16th July 2021 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Jun.) South Africa’s manufacturing PMI edged down in June but it remained strong given the context of a severe third wave of COVID-19 and we think that the further tightening of restrictions announced on... 1st July 2021 · 2 mins read
Africa Data Response South Africa Consumer Prices (May) Although South Africa’s headline inflation rate jumped to a multi-year high of 5.2% y/y last month, the weakness of core inflation and the recent tightening of lockdown measures means that the Reserve... 23rd June 2021 · 2 mins read
Africa Data Response Nigeria Consumer Prices (May) The second consecutive drop in Nigeria’s headline inflation rate, to 17.9% y/y in May, will probably go some way towards easing policymakers’ recent concerns about high and rising inflation. While we... 15th June 2021 · 2 mins read
