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Federal tax receipts in Brazil dropped in July
Tax revenues collected by the federal government dropped by 15.8% y/y to BRL 116bn in July
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Investor Confidence in China Hit 16-Month High in July
China's investors' confidence index improved for the fourth consecutive month in July 2020
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China's Central Government Budget Deficit Increased in July
China's central government deficit increased to RMB 476.8bn in July
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Japan’s GDP posted its worst contraction on record
Japan’s economy witnessed its worst post-war slump in Q2 2020
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Automobile Sales in China Decreased in July
The automobile sales in China decreased to 2.1mn in July 2020
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Pork Prices in China Rebound in July
The pork prices rebounded in June and July after three consecutive months of decline.
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China's Holdings of US Treasury Securities Dropped Further in June
The value of US treasury securities held by Chinese investors declined to USD 1.074tn in June 2020
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Brazil’s industrial confidence bounces back in August
The industrial entrepreneurs’ confidence index in Brazil reached 57 in August 2020
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Brazil’s retail sales surge in June
The retail sales volume in Brazil returned to pre-crisis levels in June
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Indonesia’s economy contracted by 5.3% in the second quarter
In Q2 2020, economic growth in Indonesia disappeared completely
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Brazil’s unemployment rate increased in June
The unemployment rate in Brazil reached 13.3% in June
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Brazil’s Central Bank cut the policy rate to 2%
The Central Bank of Brazil cut the benchmark interest rate (Selic rate) by 0.25pp to 2% on August 5