Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Jan.) Saudi inflation stabilised at 1.2% y/y in January and, while we think it will increase over the coming months, it is likely to hover around 1.0-1.5% over the rest of 2022 and 2023. 15th February 2022 · 2 mins read
Middle East & North Africa Data Response Saudi Arabia GDP (Q4, Flash) & Egypt Inflation (Jan.) Saudi Arabia’s economy grew by a stronger-than-expected 1.6% q/q in the final quarter of 2021 and we think rising oil production will drive above-consensus growth this year. Elsewhere, Egypt’s... 10th February 2022 · 3 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Jan.) January’s batch of whole economy PMIs showed activity in non-hydrocarbon sectors in the Gulf slowed at the start of this year as governments tightened restrictions to tackle fresh Omicron-driven virus... 3rd February 2022 · 3 mins read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Dec.) Saudi inflation edged up to 1.2% y/y in December and we think that the headline rate will drift a little higher over the first half of this year before stabilising at around 1.0-1.5% over the rest of... 13th January 2022 · 2 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Dec.) Egypt’s headline inflation rate rose to 5.9% y/y in December and it is likely to increase further over the coming months, peaking around the mid-point of the central bank’s target range in Q2. This... 10th January 2022 · 2 mins read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Nov.) Saudi inflation rose to 1.1% y/y in November, and is likely to increase further through the first half of next year. Even so, we expect price pressures to remain subdued, at 1.0-2.0% over the course... 15th December 2021 · 2 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Nov.) Egypt’s headline inflation rate dropped to 5.6% y/y in November and, while we think inflation will rise in the coming months, it is likely to be at the lower end of the central bank’s 7±2% target... 9th December 2021 · 2 mins read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Oct.) Saudi inflation edged higher to 0.8% y/y in October and will probably continue to drift upwards over the coming months. Overall, though, we expect price pressures to remain subdued, at 1.0-2.0% over... 15th November 2021 · 2 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Oct.) Egypt’s headline inflation rate eased to 6.3% y/y in October and is likely to remain around 6.0-6.5% over the rest of this year and in early 2022. Against this backdrop, we think the Central Bank of... 10th November 2021 · 2 mins read
Middle East & North Africa Data Response Saudi Arabia GDP (Q3, Flash Estimate) The Saudi economy expanded by 5.8% q/q in Q3, the fastest pace of growth in over a decade, as the ramping up of oil production drove the recovery. As OPEC+ continues to raise production quotas... 9th November 2021 · 3 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Oct.) October’s batch of whole economy PMIs showed that recoveries in non-hydrocarbon sectors in the Gulf strengthened, particularly in the UAE as the Expo got underway this month. But price pressures are... 3rd November 2021 · 3 mins read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Sep.) Saudi inflation rose to 0.6% y/y in September and is likely to drift a little higher over the rest of this year. However, we do not envisage a significant pick up in the headline rate and inflation is... 14th October 2021 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Sep.) September’s batch of whole economy PMIs showed that recoveries in non-hydrocarbon private sectors in Saudi Arabia and Qatar gathered pace as domestic activity strengthened on the back of easing virus... 5th October 2021 · 3 mins read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Aug.) Saudi inflation edged down to 0.3% y/y in August and is likely to remain around this level over the coming months. We think that inflation will pick up to 1.0-1.5% y/y in 2022-23, although the... 15th September 2021 · 2 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Aug.) Egypt’s headline inflation rate rose to 5.7% y/y in August, the fastest pace recorded since April last year, and looks set to increase further over then next couple of months. Against this backdrop... 9th September 2021 · 3 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Jul.) Egypt’s headline inflation rate rose to an eight-month high in July and is likely to drift higher over the coming months. Against this backdrop, we think the Central Bank of Egypt (CBE) will keep... 10th August 2021 · 3 mins read
