Middle East & North Africa Data Response

Egypt Consumer Prices (Jan.)

The drop in Egyptian inflation to 4.3% y/y in January leaves the headline rate below the lower bound of the central bank’s (CBE) target range but, if we’re right in expecting inflation to rise over...

10th February 2021 · 2 mins read

Middle East & North Africa Data Response

Saudi Arabia GDP (Q4, Flash Estimate)

The flash estimate of Saudi Q4 GDP showed that the economy continued to recover at the end of 2020 but it remained slow-going. Tighter virus containment measures and deeper oil production cuts mean...

10th February 2021 · 2 mins read

Middle East & North Africa Data Response

Whole Economy PMIs (Jan.)

January’s batch of whole economy PMIs suggest that that economic recoveries in the region have struggled to gain more momentum at the start of this year as fresh virus outbreaks have prompted a...

3rd February 2021 · 3 mins read

Middle East & North Africa Data Response

Saudi Arabia Consumer Prices (Dec.)

Saudi inflation dropped back to 5.3% y/y in the final month of last year as softer food and housing inflation more than offset a further rise in health inflation to a two-year high. The effects of...

14th January 2021 · 2 mins read

Middle East & North Africa Data Response

Whole Economy PMIs (Dec.)

December’s whole economy PMIs suggest that the Gulf economies have been boosted by improved sentiment on the back of the rollout of COVID-19 vaccines. But activity in Egypt weakened as the country...

5th January 2021 · 2 mins read

Middle East & North Africa Data Response

Saudi Consumer Prices (Nov.)

Saudi inflation held steady at 5.8% y/y in November as a rise in transport inflation was offset by weaker price pressures elsewhere. The effects of July’s VAT hike will continue to keep the headline...

15th December 2020 · 2 mins read

Middle East & North Africa Data Response

Egypt Consumer Prices (Nov.)

The jump in Egyptian inflation to 5.7% y/y in November still leaves it below the lower bound of the central bank’s target range, leaving the door open for interest rates to be lowered further over the...

10th December 2020 · 3 mins read

Middle East & North Africa Data Response

Whole Economy PMIs (Nov.)

November’s whole economy PMIs from across the Middle East and North Africa showed a mixed performance and, despite the global economic backdrop improving amid the rollout of COVID-19 vaccines...

3rd December 2020 · 2 mins read

Middle East & North Africa Data Response

Egypt Consumer Prices (Oct.)

The rise in Egyptian inflation to 4.5% y/y in October adds to the reasons why we think that policymakers will hold off on cutting interest rates when they meet on Thursday. Further out, we think that...

10th November 2020 · 2 mins read

Middle East & North Africa Data Response

Saudi Arabia GDP (Q3, Flash Estimate)

The first ever “flash estimate” of Saudi GDP released today showed that the easing of virus containment measures supported an economic recovery in Q3. But the rebound was weak and the latest monthly...

10th November 2020 · 2 mins read

Middle East & North Africa Data Response

Whole Economy PMIs (Oct.)

October’s whole economy PMIs from across the Middle East and North Africa were a mixed bag but, against the backdrop of renewed lockdowns across the globe and low oil prices, recoveries are likely to...

3rd November 2020 · 2 mins read

Middle East & North Africa Data Response

Saudi Consumer Prices (Sep.)

Saudi inflation dropped back to 5.7% y/y in September as food inflation eased and schools slashed tuition fees ahead of the new academic year. While the effects of July’s VAT hike will keep inflation...

15th October 2020 · 2 mins read

Middle East & North Africa Data Response

Whole Economy PMIs (Sep.)

September’s whole economy PMIs from across the Middle East and North Africa all rose as a further easing of virus containment measures supported another pick-up in economic activity. But against the...

5th October 2020 · 3 mins read

Middle East & North Africa Data Response

Saudi Arabia GDP (Q2)

Saudi Arabia’s economy contracted by 7.0% y/y in Q2 on the back of the virus containment measures and oil production cuts. And even though containment measures have started to be lifted, the...

30th September 2020 · 2 mins read

Middle East & North Africa Data Response

Saudi Consumer Prices (Aug.)

Saudi inflation edged up to 6.2% y/y in August as the effects of the VAT hike at the start of July continued to dominate. Inflation will remain elevated until the middle of next year and, combined...

15th September 2020 · 2 mins read