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Brazil’s preliminary inflation accelerates in September
From January to September, the overall index increased by 1.35%, 0.45pp higher than in August
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China’s industrial output grew for the fifth consecutive month
During the first eight months of 2020, China’s industrial output rose by 0.4% y/y reflecting the lingering impact of the COVID-19 outbreak
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August saw the first retail sales annual growth in 2020 in China
Compared to the supply side, the demand side recovery in China has been slow
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Brazil’s central bank keeps the key rate at 2%
The SELIC rate remains at its lowest level, and below the expected inflation rate of 3.14% for the next 12 months
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Brazil’s industrial confidence rises further in September
The index is well above the threshold of 50, which separates an optimistic perspective from a pessimistic one
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South Africa’s economy contracted by 51% q/q, annualised, and by 17% y/y
Private consumption crashed by 49.8%
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China's exports continue to grow
This is the highest growth rate since March 2019
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Inflation in China decelerates in August
Food prices continued to rise, growing by 11.2% y/y in August
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Retail sales in Brazil jump in July
The sales of furniture and appliances (26.3% y/y), pharmaceutical and cosmetics (13.5% y/y), and supermarkets (9.9% y/y) pushed up the overall index in July
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Brazil’s consumer inflation accelerates in August
The biggest driver was food and beverage prices, which jumped by 8.8% y/y in August