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Brazil 2020 GDP Markets’ Forecast Seems Less Pessimistic
The markets in Brazil revised their forecasts for the GDP contraction in 2020 to 6.1% on July 10
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China’s economy returns to growth in Q2 2020
Real GDP increased by 3.2% y/y in Q2 supported by the production of agricultural crops and hi-tech equipment manufacturing
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Inflation in Brazil accelerates in June
The Extended National Consumer Price Index (IPCA) inched up by 0.26% m/m in June
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Brazil’s retail sales jump on a monthly basis in May
The volume of retail sales in Brazil experienced a rebound in May
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Car production in Brazil rises in June, but plunges in H1 2020
The car factories produced 98,708 units in June, compared to 43,080 units in May
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China’s Growth Rate of Total Social Financing Recorded the Highest in Two Years
Total social financing in China grew by 12.8% y/y in June
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Deflationary Pressure of PPI in China is Easing in June
The Producer price index (PPI) on the other hand dropped by 3.0% y/y, less steep than a 3.7% y/y decline in May
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Unemployment rate increases in Brazil
The unemployment rate in Brazil climbed to 12.9% in May
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Brazil’s PMI partially rebounds in June
The Purchasing Managers’ Index in Brazil reached 40.5 in June
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Brazil’s industrial production crawls up on a monthly basis
The Industrial Production Index (IPI) in Brazil experienced a slight recovery in May
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China’s Emerging Industries Purchasing Manager’s Index Dropped in June 2020
Improvement is observed only among 4 out of 16 components
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Shanghai Shenzhen 300 Index reached its highest level since 2018
On July 2, 2020, Shanghai Shenzhen 300 Index rose to 4,336 points, the highest level since 2018