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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.
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Brazil’s federal tax revenue soared in April
Tax revenue received by the Brazilian federal government rose by 55% y/y in April.
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Japan's GDP declines again in Q1 2021
After growing by 2.8% q/q in Q4 2020, Japan's real GDP contracted by a seasonally-adjusted 1.3% q/q in Q1 2021, resulting in a fall of 1.9% y/y and an annualised contraction of 5.1%.
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Inflation in the US keeps accelerating
Both consumer and producer prices in the US grew at a higher rate in April 2021, contributing to the self-fulfilling prophecy of racing inflation.
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Brazil’s industrial confidence improves in May
The industrial entrepreneurs’ confidence indicator grew by 4.8 points m/m in May, reaching 58.5, after falling for four months in a row.
