Gulf Oil and Gas accountACCOUNT

Africa Economy - March 2016

Source: OPEC 4/12/2016, Location: Africa

Share |
In South Africa, GDP expanded by 0.6% y-o-y in the 4Q15, down from 1.0% in the 3Q15. For the full year 2015, growth stood at 1.3% y-o-y, the lowest level since 2009. Mining and construction activities were in decline, while the agricultural and finance sectors also decelerated. The manufacturing PMI reading on business conditions in February also sent a negative signal. The survey showed steep declines in both production and new orders. The index posted 49.1 last month, down from 49.6 in January.

Inflation in Egypt increased by 10.7% y-o-y in January, falling from December’s 11.9%, its highest reading in 17 months. In February, business conditions in the non-oil private sector worsened for the fifth consecutive month with the PMI posting 48.1, compared to 48.0 in January. However, the decline in output, as well as new orders from the domestic market and new export orders, were all slower than the previous month. The survey also showed that the depreciation in the Egyptian pound pushed input costs up last month.

Economics/Financial Analysis News in Egypt >>

Egypt >>  5/14/2018 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla...
Libya >>  5/13/2018 - Libya’s offshore Bahr al-Salam gas field has resumed operations with production of 380 million cubic feet per day, state firm NOC said after completin...

Egypt >>  5/10/2018 - Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcfd. Zohr is now producin...
Egypt >>  5/3/2018 - Eni announces an oil discovery on the A-2X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 103 Km Nor...

Morocco >>  5/2/2018 - Shearwater GeoServices (Shearwater) has been awarded a contract to acquire 3D seismic for Genel Energy in the Sidi Moussa license offshore Morocco. Ad...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.