Search:  
Gauteng Business News
2896
VIEWS

Send  Share  RSS  Twitter  24 Oct 2016

ECONOMY: FNB Economics Weekly Highlights

 





Recent Gauteng Business News

·SA: The week’s data releases were dominated by inflation (+6.1% y/y in September) and retail trade sales (+0.2% y/y in August), but Stats SA also published August tourism and migration data on Monday.
·SSA: Headline inflation in Namibia, Botswana and Nigeria pushed higher in September. Higher food and weakening exchange rates—with the exception of Botswana—remain the main culprits behind rising inflation.
·Global: China GDP remained unchanged at 6.7% y/y for the third consecutive quarter in 3Q16. September headline inflation climbed higher in the US (1.5% y/y from 1.1%), the UK (1% y/y from 0.6%) and the Eurozone (0.4% y/y from 0.2%) largely due to increasing energy prices.

The Week Ahead
Attention will fall on the delivery of the MTBPS next week. While we anticipate that the government will remain committed on its fiscal consolidation path, we are assessing the risks of reaching targets set at the beginning of the year to be on the downside. Growth and inflation forecasts are likely to be revised lower. While year-to-date figures suggests that the government remains within its set targets, the recent acceleration in expenditure is somewhat concerning. Furthermore, while some steps have been taken towards reforming SOE’s, it may still not be viewed as enough to avoid a downgrade. High food, household appliances and basic precious and non-ferrous metals prices should have kept producer price inflation elevated in September. The rate of increase should, however, have been limited by the decline in fuel prices.


 
 
 
jane-shonfeldohse-consultancyBusiness Profilesperfect-weddingHBC-Solutions
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2021 www.gbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Gauteng Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: