Middle East & North Africa Data Response Egypt Consumer Prices (Jan.) The further sharp decline in Egyptian inflation in January, to 17.1% y/y, paves the way for the central bank to embark on an easing cycle at its monetary policy meeting next week. And further ahead... 8th February 2018 · 1 min read
Middle East & North Africa Data Response Whole Economy PMIs (Jan.) The drop in PMIs in the Gulf last month appears to reflect the impact of recent austerity measures, including the introduction of a new value-added tax, at the start of this year. But conditions... 5th February 2018 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Dec.) Saudi inflation remained subdued at the end of last year but the recent introduction of a new value-added tax and a raft of administered price hikes will push inflation up sharply, to more than 6% y/y... 23rd January 2018 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Dec.) A further sharp drop in Egyptian inflation in December means that the central bank is likely to embark on an easing cycle at the next monetary policy meeting in February. We expect inflation and... 10th January 2018 · 1 min read
Middle East & North Africa Data Response Whole Economy PMIs (Dec.) December’s PMI data suggest that non-oil sectors in the Gulf ended last year on a fairly strong note. And while Egypt’s PMI slipped back last month the survey showed that price pressures there have... 4th January 2018 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Nov.) The sharp fall in Egyptian inflation in November primarily reflected the unwinding of the impact of last year’s depreciation of the pound and paves the way for the central bank to cut interest rates... 11th December 2017 · 1 min read
Middle East & North Africa Data Response Whole Economy PMIs (Nov.) November’s PMI data suggest that Saudi Arabia’s non-oil sector has so far shrugged off recent political upheaval. Meanwhile, Egypt’s economy appears to have strengthened as firms continue to benefit... 5th December 2017 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Oct.) Saudi inflation remained in negative territory in October but inflation is likely to jump next year as the government introduces a new value-added tax and pushes ahead with a fresh round of subsidy... 21st November 2017 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Oct.) The further drop in Egyptian inflation in October, to 30.8% y/y from 31.6% y/y in September, is welcome but probably not enough for the central bank to cut interest rates at its meeting next week. We... 9th November 2017 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Sep.) Saudi inflation stayed in negative territory in September, but with fresh subsidy cuts and the introduction of a new value-added tax on the horizon, we expect it to jump to 4.0-4.5% in the coming... 17th October 2017 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Sep.) Egyptian inflation edged down further in September and we expect it to fall sharply in the coming months, prompting the central bank to start cutting interest rates. 10th October 2017 · 1 min read
Middle East & North Africa Data Response Whole Economy PMIs (Sep.) September’s PMI data suggest that non-oil sectors in the Gulf slowed a touch in September, although the surveys remained above their mid-year lows. Meanwhile, Egypt’s PMI suggests that its recovery... 3rd October 2017 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Aug.) Saudi inflation remained in negative territory in August but with the government gearing up for a fresh round of subsidy cuts as well as the introduction of a new value-added tax, inflation is likely... 20th September 2017 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Aug.) The drop in Egyptian inflation last month, to 31.9% y/y, confirms that it has now passed its peak. We expect it to fall sharply towards the end of the year which should bring interest rate cuts on to... 11th September 2017 · 1 min read
Middle East & North Africa Data Response Whole Economy PMIs (Aug.) August’s whole economy PMIs for the MENA region suggest that recoveries in non-oil sectors in the Gulf have regained some momentum, while Egypt’s economy has picked up on the back of stronger external... 6th September 2017 · 1 min read
Middle East & North Africa Data Response Whole Economy PMIs (Jul.) July’s ‘whole economy’ PMIs for the MENA region suggest that recoveries in the nonoil sectors of the Gulf economies resumed at the start of Q3, while conditions in Egypt’s economy appear to have... 3rd August 2017 · 1 min read
