Middle East & North Africa Data Response Egypt Consumer Prices (Jan.) Even though Egyptian inflation fell in January, the recent slump in foreign currency reserves to dangerously low levels may leave the central bank with no choice but to hike rates next month. 9th February 2012 · 1 min read
Middle East & North Africa Data Response UAE HSBC/Markit PMI (Jan.) January’s PMI data show that activity in the UAE’s non-oil private sector accelerated modestly. But the bigger picture is that the slowdown in the pace of growth seen in the second half of last year... 6th February 2012 · 1 min read
Middle East & North Africa Data Response Saudi Arabia HSBC/Markit PMI (Jan.) January’s PMI data show that, on the back of fiscal stimulus boosting domestic demand, Saudi Arabia’s non-oil private sector made a strong start to the year. However, a surge in input prices is... 6th February 2012 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Dec.) Saudi Arabia’s headline inflation edged up slightly in December as a rise in core inflation (non-food prices) helped to offset a drop in food inflation. 16th January 2012 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Dec.) The pick-up in Egypt’s headline inflation in December has increased the likelihood of another rate hike when the central bank’s monetary policy committee (MPC) meets in February. 10th January 2012 · 1 min read
Middle East & North Africa Data Response UAE HSBC/Markit PMI (Dec.) December’s PMI data show that the UAE’s non-oil private sector continued to slow on the back of weaker external demand. Moreover, the data highlight the UAE’s vulnerability to conditions in the global... 4th January 2012 · 1 min read
Middle East & North Africa Data Response Saudi Arabia HSBC/Markit PMI (Dec.) December’s PMI data show that growth eased in Saudi Arabia’s non-oil private sector on the back of softer domestic demand. Meanwhile, businesses continue to face squeezed profit margins in spite of... 3rd January 2012 · 1 min read
Middle East & North Africa Data Response Saudi Arabia HSBC/Markit PMI (Nov) November’s PMI data show that, after slowing in the third quarter, growth in Saudi Arabia’s non-oil private sector is gathering momentum again. However, higher purchase and staff costs mean that price... 5th December 2011 · 1 min read
Middle East & North Africa Data Response UAE HSBC/Markit PMI (Nov) The sharp fall in the PMI’s export component shows the vulnerability of UAE’s non-oil economy to global conditions. 5th December 2011 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Oct.) Inflation in Saudi Arabia edged down slightly last month as a sharp drop in food inflation offset a rise in domestic goods and services inflation. 21st November 2011 · 1 min read
Middle East & North Africa Data Response UAE HSBC/Markit PMI (Oct) October’s PMI data show that growth in the UAE’s non-oil private sector has accelerated, but it is still much weaker than that seen earlier in the year. 3rd November 2011 · 1 min read
Middle East & North Africa Data Response Saudi Arabia HSBC/Markit PMI (Oct) October’s PMI data show that growth in Saudi Arabia’s non-oil private sector is stabilising, albeit at a slower pace than that seen earlier in the year. 31st October 2011 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Sep.) The rise in Saudi Arabia’s inflation to a nine-month high in September will revive speculation that stimulus spending is leading to a build up in domestic price pressures. A closer look at the data... 18th October 2011 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Sep.) September’s data show that a sharp fall in food price inflation helped to offset a rise in Egypt’s house price inflation. Accordingly, headline inflation fell for the fourth consecutive month... 11th October 2011 · 1 min read
Middle East & North Africa Data Response UAE HSBC/Markit PMI (Sep) September’s PMI data suggest that growth in the UAE’s non-oil private sector accelerated last month. However, the reading was still low and adds weight to our view that growth will be weaker over the... 5th October 2011 · 1 min read
Middle East & North Africa Data Response Saudi Arabia HSBC/Markit PMI (Sep) September’s PMI data show that output in Saudi Arabia’s non-oil private sector is still growing. But the fact that both the headline index and the output component have hit record lows suggests that... 4th October 2011 · 1 min read
