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New cars sales in Brazil continue to improve on a monthly basis
Despite improving on a monthly basis, the car retail sales in Brazil stay below the levels observed before the COVID-19 pandemic
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Brazil’s composite PMI decreases slightly to 53.6 in September
In September, the services PMI went back to expansion territory, recording 50.4
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Brazil’s unemployment rate hits a record high in July
The unemployment rate in Brazil reached 13.8% of the country’s labour force in July
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Brazil’s fiscal deficit soars by 91.5% y/y in August
On a year-to-date basis, the public sector deficit totalled BRL 785.1bn in August
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Brazil’s bank lending increases in August
Loans to non-financial companies increased by 16.7% y/y to BRL 1,646bn in August
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The New Economy Index in China declined for third month in a row
The outstanding amount of loans in Brazil grew by 12.1% y/y in August
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ASEAN became China’s biggest trading partner as of August
From January to August, China’s total trade volume with ASEAN reached USD 417 bn
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China’s Manufacturing PMI Reveals the Pressure on Small Enterprises
After the COVID-19 shock, China’s official manufacturing PMI climbed quickly from the record low of 35.7 in February
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The Chinese stock market index CSI 300 stays near historic high
CSI 300 is 12% higher against the beginning of 2020
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China’s fixed asset investment declined by 0.3% y/y in January to August
Despite the overall decline, the primary industry recorded an 11.5% y/y increase from January to August
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China added three new pilot free trade zones
Due to the negative impact of the COVID-19 pandemic, in H1 2020, China’s nationwide GDP shrank by 1.6% y/y
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Brazil records the fifth current account surplus in a row
The trade surplus increased on an annual basis to USD 5.96bn in August 2020