MENA | July PMIs, Oman’s electricity subsidies, Iran inflation
The PMIs for Saudi Arabia, the UAE and Qatar all remained in expansionary
territory in July at 55.8, 54.0 and 52.2 respectively. Both the UAE and Qatar’s
PMI rose on the back of stronger demand, but Saudi Arabia’s PMI fell for the
first time in four months.
What you will learn:
- The Omani government is set to reconsider plans to remove electricity
subsidies following complaints over the significant increase in May and June bills, with the authorities keen to avoid the clashes seen earlier this year due to worsening economic conditions and the current unemployment crisis. - Iran’s headline inflation slowed in July to 43.7% y/y from 47.7% in June but remains high despite a decline in food and housing and utility price inflation rates.
- Saudi Arabia’s headline PMI declined for the first time in four months to 55.8 in July from 56.4 in June but remained well above the 50 no-change mark.
Tags:
Related Services
Post
Maintenance in Australia: 2023 Edition | Executive Summary
Australia’s maintenance market is estimated to have increased to $53.5bn in FY22, driven by road rehabilitation following flooding along the east coast of Australia. Road maintenance expenditure will continue to be supported over the near-term by Federal and State government programs. Mining maintenance spending will be buoyed by elevated commodity prices, and increased maintenance requirements on recently built LNG facilities.
Find Out More
Post
Australia: Roadblocks cleared for build-to-rent in Australia
The pipeline of build-to-rent (BTR) developments across Australia continues to swell, with our project tracking currently capturing a pipeline of circa 45,000 announced units. Around 5,900 units have broken ground in FY2023, with a further 15,000 geared to commence across FY2024 and FY2025.
Find Out More