- SA: May manufacturing production declined –0.8% y/y. Mining output for May was significantly more upbeat rising 3.6% y/y. After increasing from -10 in the fourth quarter of 2016 to -5 in the first quarter of 2017, the FNB/BER Consumer Confidence Index (CCI) fell back to -9 in the second quarter.
- SSA: Mozambique, Ghana, Namibia and Tanzania headline inflation decelerated in June.
- Global: US nonfarm payroll employment surged 222,000 in June. UK industrial production continued to disappoint declining –0.1% m/m in May. Eurozone industrial production, however, quickened 1.3% m/m. China headline and producer price inflation remained unchanged at 1.5% y/y and 5.5% respectively.