
Data Bytes
The US economy expanded by 33.1% q/q in Q3
There were large increases in personal consumption expenditures (at an annualised rate of 40.7%)

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Brazil’s central bank leaves its key policy rate unchanged at 2%
Brazil’s inflation tends to stay below the target set at 4% for 2020

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New bank loans in Brazil surge in September
It is the fourth increase in a row, supported by the central bank’s monetary stimulus

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China’s services PMI increases to the highest level in 2020
China’s non-manufacturing PMI came in at 56.2 in October, up from 55.9 in September

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More regions in China are recovering from the COVID-19 crisis
During the first three quarters of 2020, 26 out of 31 provinces in China reported positive GDP growth

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Brazil records the sixth straight monthly current account surplus
The trade surplus increased to USD 5.36bn in September 2020

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Brazil’s federal tax receipts rise in September
On a year-to-date basis, the tax collection of the central government fell by 9.1%

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China’s urban households were hit harder than the rural ones
During the first nine months of 2020, the disposable income per capita in China grew slightly

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China’s industrial capacity utilisation rate keeps rising
Compared to the same time last year, the indicator increased by 0.3 pp

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Industrial confidence in Colombia improves and approaches pre-pandemic levels
Colombia’s industrial confidence indicator, published by the Foundation for Higher Education and Development improved in September

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Euro Area’s Manufacturing PMI jumps to 2-year high
The headline PMI in the Euro Area declined to 50.4 in September compared to 51.7 in August

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Thailand’s trade surplus narrows in September
Thailand’s trade surplus narrowed in September 2020, staying at USD 2.2bn compared to USD 4.4bn in August