Middle East & North Africa Data Response Egypt Consumer Prices (Aug.) The fall in Egyptian inflation to a nine-month low of 3.4% y/y in August increases the likelihood that the central bank will resume its easing cycle when it meets later this month. But with... 10th September 2020 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Aug.) August’s whole economy PMIs from across the Middle East and North Africa all fell adding to the signs that activity in the region has plateaued amid fiscal austerity and continued virus containment... 3rd September 2020 · 3 mins read
Middle East & North Africa Data Response Saudi Consumer Prices (Jul.) Saudi inflation jumped to 6.1% y/y in July on the back of the tripling of the VAT rate from 5% to 15% and we expect it to hover around this level over the next twelve months. This, combined with the... 17th August 2020 · 3 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Jul.) The fall in Egyptian inflation to an eight-month low of 4.2% y/y in July, alongside easing pressure on the pound, means that we think an interest rate cut at Thursday’s MPC meeting is more likely than... 10th August 2020 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Jul.) July’s batch of whole economy PMIs from across the Middle East and North Africa all rose compared with surveys from June but, against the backdrop of prolonged weakness in tourism and hospitality... 5th August 2020 · 3 mins read
Middle East & North Africa Data Response Saudi Consumer Prices (Jun.) Saudi inflation eased to its lowest level this year in June as weak demand dampened underlying price pressures and fuel inflation dropped further. But this is likely to mark the low-point and the... 15th July 2020 · 2 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Jun.) Egypt’s headline inflation rate picked up to 5.6% y/y in June and will probably rise a bit further over the coming months. Crucially, though, we expect inflation to remain below the mid-point of the... 9th July 2020 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Jun.) June’s batch of whole economy PMIs from across the Middle East and North Africa were mixed but the big picture is that, even as lockdown measures are eased, the region’s economic recovery is set to be... 6th July 2020 · 2 mins read
Middle East & North Africa Data Response Saudi Consumer Prices (May) Saudi inflation edged down to 1.1% y/y last month as a further jump in food inflation was more than offset by weaker price pressures in other major categories. But the hike in the VAT rate means that... 24th June 2020 · 3 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (May) The fall in Egyptian inflation to 4.7% y/y in May leaves the headline rate well below the lower bound of the central bank’s target range and, with policymakers’ focus shifting away from supporting the... 10th June 2020 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (May) Whole economy PMIs from across the Middle East and North Africa rose compared with last month’s ultra-low levels as lockdown measures began to be eased, but activity remained very weak. And against... 3rd June 2020 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Apr.) Whole economy PMIs from across the Middle East and North Africa were at, or close to, record lows in April as efforts to contain the coronavirus outbreak severely dented economic activity. Lockdowns... 5th May 2020 · 3 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Mar.) The slight fall in Egyptian inflation in March to 5.1% y/y leaves the headline rate well below the central bank’s target range which, coupled with the economic hit from the draconian measures to... 9th April 2020 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Mar.) March’s batch of whole economy PMIs showed that efforts to contain the coronavirus outbreak have resulted in a sharp decline in activity in the region’s non-oil sectors. Containment measures have... 6th April 2020 · 2 mins read
Middle East & North Africa Data Response Egypt Consumer Prices (Feb.) The sharp fall in Egyptian inflation in February to 5.3% y/y puts it well below the lower bound of the central bank’s target range. Coupled with mounting fears over the coronavirus outbreak, this... 10th March 2020 · 2 mins read
Middle East & North Africa Data Response Whole Economy PMIs (Feb.) February’s whole economy PMIs suggests that activity in non-oil sectors in the Gulf has weakened amid the coronavirus outbreak. Efforts to contain the virus have escalated since the survey took place... 3rd March 2020 · 2 mins read
