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China’s credit expansion slows down due to the Lunar New Year's impact
The drop can be explained by the Lunar New Year holidays slowing down lending.
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The services volume in Brazil drops by 4.7% y/y in January
The services provided to families fell by 27.6% y/y in the first month of 2021
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Brazil’s retail sales inched down in January
In the state of Amazonas, retail sales fell by 24% y/y, as the local government adopted a lockdown in the state capital of Manaus
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Maharashtra emerges as economic activity hub in India
Interstate movement has gained pace since the lockdown in April 2020
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South Africa's Economy Improved in Q4 2020
Despite this, real GDP continued to fall on an unadjusted y/y basis in Q4
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China’s New Economy Index climbed in February
The NEI tracks the performance of China’s high value-added manufacturing and services industries
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China’s PPI saw significant increase in February
PPI for raw materials rose by 2.9% y/y due to higher international commodity prices as well as rising domestic demand
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China’s headline CPI declined more moderately in February
Food prices fell by 0.2% y/y in February, reversing the growth in the previous two months
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Brazil’s manufacturing capacity utilisation stood at 80.5 in January
Compared to the previous year, the indicator (unadjusted) grew by 2.2pp, reflecting the increased demand for industrial products.
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Brazil’s services PMI fell to 47.1 in February
The Purchasing Managers’ Index (PMI) in the services sector stood at 47.1, below the threshold value of 50