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Brazil’s Central Bank slashes the policy rate to 2.25%
The Central Bank of Brazil announced a yet another cut of the policy rate
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Brazil’s retail sales plummet in April
The retail sales volume in Brazil plunged by 16.8% y/y in April
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May 2020 Saw Subdued Labour Market Dynamics in China
China’s unemployment rate climbed to 5.9% in the 31 main cities in May
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China’s Industry, Retail Sales and Investment Continue to Recover
For the first five months of 2020, China’s real industrial output dropped by 2.8% y/y
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SGST the largest contributor to tax revenue in India
For Andhra Pradesh, as well as Karnataka, the yearly SGST contribution is more than 30%.
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Maharashtra highest contributor to state GST
The top 10 states contribute about 75% of the total SGST revenue
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Producer Price Index in the US Keeps Declining
The producer price index (PPI) declined by 6.1% y/y compared to 8% y/y drop in April
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Brazil reported deflation on a monthly basis in May
IPCA in Brazil dropped by 0.38% m/m in May, the lowest result in 22 years
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The markets in Brazil expect 6.48% contraction of GDP in 2020
The Brazilian central bank conducts the survey among 140 entities, including financial institutions, consultancies and brokerages
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China’s Emerging Industries Purchasing Manager’s Index Expanded in May 2020
The increase suggests that the sector is expanding and the situation is improving at a faster pace