Morning Brief of September 20th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | CFG BANK | NIGS up 68% in H1 2024

| MOROCCO | SONASID | NIGS up 13% in H1 2024

ECONOMIC HEADLINES

| MOROCCO | INFLATION | An inflation rate of 1.7% in August 2024

In August 2024, the Consumer Prices Index rose by 0.8% compared to July 2024, taking into account the increase of 1.8% in the food products index and a stagnation in the non-food products index. Year-on-year, the inflation rate stands at 1.7% in August 2024. 

Note that the underlying inflation indicator which excludes products at volatile prices and products at public tariffs, increased by 0.3% in August 2024 compared to the previous month and by 2.6% year-on-year.

| TUNISIA | FOREIGN TRADE | Reduction of the trade deficit at the end of August 2024

At the end of August 2024, Tunisia's exports recorded an increase of 2.1% to TND 41,512.1 Mn. Likewise, imports rose by 1.1% to TND 53,436.2 Mn. In this context, the trade deficit fell by 2.2% to TND -11,924.1 Mn. Finally, the coverage rate stands at 77.7%, up 0.8 pt compared to the same period in 2023.

 

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