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FDIs in Brazil continue to decline
FDIs in Brazil totalled USD 20.6bn between January and May 2020
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Inflation in the US remains subdued
The PCE Index, together with the Consumer Price Index (CPI) are important indicators for inflation in the US
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Economic sentiment in the Euro Area cautiously improves
The manufacturing PMI inched up to 50.9 in June compared to 50.6 in May
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Official PMI in China suggests sustained recovery
Non-manufacturing PMI reported higher figures in June
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China’s Industrial Profits grow for the first time since the COVID-19 shock
The total industrial profits during the first five months of 2020 compared to the same period in 2019 decreased by 19.3% y/y
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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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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