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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 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

Articles
Will COVID-19 Delay the RMB Internationalisation?
The headwinds caused by COVID-19 could be offset by the continued opening up of China’s financial market, macroeconomic stability and the gradual progress towards wider use of the RMB

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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