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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
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Business conditions in Brazil improved in August
During the previous five months the indicator stayed below the level of 50
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Producer inflation in Brazil accelerated in July
Prices of the extractive industry grew by 16.7% y/y in July, following a higher demand for commodities on the international markets.
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Brazil’s economy contracted by 11.4% y/y in Q2 2020
Compared with the previous quarter, Brazil’s GDP shrunk by a seasonally adjusted 9.7% q/q in Q2
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China’s Industrial Profits Growth Rate hit 2-year high
The indicator grew at the fastest pace since mid-2018.
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Consumer confidence in China improves in July
This is the first increase since March 2020, the data from the National Bureau of Statistics shows
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Turkey’s GDP declined by 9.9% y/y in the second quarter
Government spending declined by 0.8% y/y and gross fixed capital formation dropped by 6% y/y
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The Indian economy contracted by 23.9% y/y in the second quarter
Turkey’s real GDP declined by 9.9% y/y in Q2 2020, compared to a 4.4% increase in the previous quarter
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New bank loans in Brazil rose in July
Since March, the central bank has adopted measures to increase liquidity in the financial system and introduced capital requirements reliefs for banks.
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Brazil’s current account posts USD 1.6bn surplus in July
The current account in Brazil registered a surplus of USD 1.6bn in July 2020