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Brazil's economy added 280,666 formal jobs in May
The Brazilian economy added 280,666 formal jobs in May, as the number of hires (1.55mn) exceeded the number of dismissals (1.27mn).
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Brazil’s public deficit fell by 73% y/y in May
Brazil’s general government deficit stood at BRL 37.4bn in May 2021, in nominal terms, compared to BRL 140.4bn one year earlier.
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China’s official manufacturing PMI declined for the second month in a row
China’s official manufacturing Purchasing Managers’ Index (PMI), published by the National Bureau of Statistics, dropped slightly to 50.9 in June.
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China: PPI jumped at the fastest rate since September 2008
China's producer price index (PPI) increased by 9% y/y in May 2021 from 6.8% y/y in April, the fastest y/y increase in more than 12 years.
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Four-fold increase in employment opportunities in India’s tier-2 cities
Cities such as Bangalore and Pune gained strong positions in the labour market.
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Naukri JobSpeak Index reveals rising trend in employment in India
Despite the ups and downs in the economic cycle, the index has trended upwards since its introduction.
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China’s credit growth slowdown stabilised
The slowdown in credit growth stabilised in May as policymakers in China tried to avoid sharp policy turns.
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Brazil’s industrial confidence rises in June
The industrial entrepreneurs’ confidence indicator in Brazil grew by 3.2 points m/m to 61.7 in June.
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Wholesale price index at historical highs in India
Since December 2020, wholesale prices in India have steadily risen, and in May 2021 it registered a growth of 12.9% y/y.
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Brazil’s inflation jumps to 8.1% y/y, a 6-year high
Brazil’s Broad Consumer Price Index (IPCA) rose by 8.1% y/y in May, remaining well above the 5.25% upper limit of the inflation target range for 2021.