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Deflationary Pressure in China is Materialising in May
China’s Consumer price index (CPI) grew by 2.4% y/y, compared to 3.3% y/y in the previous month
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Industrial Production in the Euro Area Contracts at the Fastest Rate Ever
Industrial Production in the Euro Area continues its free-fall in April
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Brazil’s trade surplus decreases in May
The exports value dropped by 12.9% y/y to USD 17.9bn
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Brazil’s car production rebounds modestly in May
The manufactured units increased to 43,080 from only 1,847 units in April
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China’s Trade Surplus Reached a Record High in May
China’s exports and imports remained on a downward path, dropping by 3.3% y/y and by 16.7% y/y, respectively
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New loans in Brazil decline in April
New loans in Brazil declined by 2.89% y/y to BRL 295bn in April 2020
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Brazil’s preliminary inflation slows down in May
The Extended National Consumer Price Index 15 (IPCA-15) decreased by 1.96% y/y in May
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FDI in Brazil drops in April 2020
Foreign direct investment (FDI) in Brazil fell to USD 234mn in April 2020
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Weaker RMB signals market worries about the China-US relations
The RMB was heading to an exchange rate against the US dollar at around 7.2, as the tension between China and the US escalated
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Decline of China‘s Industrial Profits Keeps Slowing
For the first four months of 2020, total profits (total revenues minus total costs) of industrial enterprises decreased by 27.4% y/y