Highlights

  • SA: South Africa’s inflation trajectory continues to moderate with March CPI printing at 6.1% y/y, down from 6.3% in February.
  • SSA: Swaziland headline inflation decelerated to 6% y/y in March from 6.8% the month before.
  • Global: China GDP advanced 6.9% y/y in 1Q17, slightly higher than the 6.8% posted in 4Q16, and comfortably above government’s 6.5% growth target for 2017. US headline inflation cooled to 2.4% y/y in March from 2.7% in February. US industrial production jumped 0.5% m/m in March from 0.1% the month before largely due to an 8.6% m/m rebound in utilities—the largest ever recorded. Eurozone headline inflation dropped to 1.5% y/y in March from 2% in February.

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