Highlights

  • SA: December mining output surprised sharply to the downside, slowing to just 0.1% y/y, compared to 6.5% in November. Manufacturing output maintained its momentum in the last month of 4Q17, with the December print coming in at 2% y/y, and up 1.1% m/m.
  • SSA: Tanzania headline inflation remained unchanged at 4% y/y in January.
  • Global: US nonfarm payrolls rose 200,000 in January compared to an increase of 160,000 the month before. Eurozone retail sales contracted 1.1% m/m in December compared a 2% surge in November. As expected, the Bank of England left the Bank Rate unchanged at 0.5%.

CLICK HERE TO DOWNLOAD THE FULL REPORT