Africa Data Response

S. Africa Interest Rate Announcement (Sep.'24)

19th September 2024 · 2 mins read

Africa Economics Update

South Africa Activity Data (Jul. '24)

South Africa’s economy is enduring a clear divergence in its economic recovery. Consumer-facing sectors appear to be performing better but industry, particularly mining, continues to struggle. We...

18th September 2024 · 2 mins read

Africa Data Response

South Africa Consumer Prices (Aug' 24.)

The dip in South Africa’s headline inflation rate, to 4.4% y/y, in August and the further decline in core inflation all but seals the deal on the SARB start an easing cycle tomorrow. We have pencilled...

18th September 2024 · 2 mins read

Emerging Markets Economics Chart Pack

Emerging Markets Chart Pack (September 2024)

EM recoveries are beginning to slow and will continue to do so over the coming quarters. Within this there will be regional variation, with Asia the outperformer and Latin America the laggard...

17th September 2024 · 1 min read

Emerging Markets Economics Update

EMs: key client questions answered

We recently held a series of EM-focused client meetings in Switzerland and Germany which covered a wide range of topics, including the impact of global fracturing, AI and the green transition on...

16th September 2024 · 5 mins read

Africa Data Response

Nigeria Consumer Prices (August '24)

Nigeria’s headline inflation rate dipped to 32.2% y/y in August, confirming the disinflation trend is firmly on course as the pass through from previous sharp falls in the naira continues to fade...

16th September 2024 · 2 mins read

Africa Economics Weekly

SARB to cut, oil prices slump

The current make-up of South Africa's MPC means that next week's rate decision will be a close call, but we expect the Reserve Bank to embark on an easing cycle. How quickly rates come down partly...

13th September 2024 · 6 mins read

Africa Economics Weekly

SA GDP and surveys, FOCAC concludes

The slump in the South African manufacturing PMI provided some worrying signs that the rebound seen in the Q2 GDP figures didn’t last. But the PMI appears to be an outlier; other survey data paint a...

6th September 2024 · 6 mins read

Africa Economics Update

FOCAC: Africa-China relations in a fracturing world

Attention at the Forum on China-Africa Cooperation that started today in Beijing will be on the extent to which China can stave off competition from the US to strengthen ties with the region...

4th September 2024 · 7 mins read

Emerging Markets Economics Update

EM manufacturing set for a weaker Q3

After a large fall in July, the EM manufacturing PMI only edged up slightly last month, suggesting that the sector fared worse in Q3 than in the first half of the year. The PMIs did at least provide...

3rd September 2024 · 2 mins read

Africa Rapid Response

South Africa GDP (Q2 2024)

South Africa’s economy recorded weaker-than-expected growth of 0.4% q/q in Q2 which, coming alongside the easing of inflation pressures, further strengthens the case for an interest rate cut at the...

3rd September 2024 · 2 mins read

Africa Rapid Response

South Africa Manufacturing PMI (Aug.)

The sharp fall in South Africa’s manufacturing PMI in August was disappointing but the survey has been extremely volatile recently and the big picture is that respondents remained optimistic about the...

2nd September 2024 · 2 mins read

Africa Economics Weekly

China-Africa lending, Zambia power cuts to bite

Data out this week showed that Chinese lending to Africa increased for the first time since 2016. But worries about convoluted debt restructuring processes mean that Chinese outbound lending to the...

30th August 2024 · 6 mins read

Emerging Markets Economics Chart Pack

Emerging Markets Chart Pack (August 2024)

EM recoveries are beginning to slow and should continue to do so over the coming quarters. Within this there will be regional variation, with Asia the outperformer and Latin America the laggard...

29th August 2024 · 1 min read

Africa Economics Update

Nigeria: a bumpy recovery ahead

The pick-up in Nigerian GDP growth seen in Q2 will probably be followed by a renewed slowdown this quarter. But we think the backdrop of rising oil production, falling inflation and possible interest...

28th August 2024 · 3 mins read