Middle East & North Africa Economics

Middle East Data Response

3 October, 2018

Whole Economy PMIs (Sep.)

Last month’s PMI data paint a mixed picture in the Gulf but we expect growth in non-oil sectors to pick up over the coming months on the back of fiscal stimulus. Elsewhere, the survey in Egypt suggested that price pressures have eased further supporting our view that the central bank will resume its easing cycle over the coming months.

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