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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.
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South Africa's economy declined by 3.2% y/y in Q1 2021
South Africa's economic growth stayed relatively stable in the first quarter of 2021, with the real GDP increasing by 1% q/q .
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Brazil’s economy grew by 1% y/y in Q1
The economy received a boost from strong investment growth, as the gross fixed capital formation jumped by 17% y/y.
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Brazil’s public debt-to-GDP ratio falls in April
The country has recorded higher-than-expected tax revenues in recent months, which had a positive impact on public finances.
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Turkey's economic expansion accelerates in Q1 2021
Household consumption increased by 7.4% y/y in Q1 2021, gross fixed capital formation (investment spending) by 11.4% y/y and government consumption by 1.3% y/y.
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Share of services sector back to pre-pandemic levels in India
The category trade, hotels, transport, communication, and services (related to broadcasting) increased its share in the overall GVA, back to pre-pandemic levels.
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A second consecutive quarter of economic growth for India
India’s real GDP increased by 1.6% y/y in Q1 2021, expanding further from Q4 2020 that registered a growth of 0.5% y/y
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Construction entrepreneurs’ confidence in Brazil improves in May
The construction entrepreneurs’ confidence index in Brazil reached 56 in May, from 51 in April, reflecting positive expectations among contractors.
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FDI in Brazil increased by 117% y/y in April
Foreign Direct Investment (FDI) in Brazil was USD 3.5bn in April 2021, compared to USD 1.6bn in the same month of 2020.