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New loans keep falling in Brazil
New loans in Brazil dropped by 12.4% y/y to BRL 289bn in 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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Brazil’s retail sales plummet in April
The retail sales volume in Brazil plunged by 16.8% y/y in April
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May 2020 Saw Subdued Labour Market Dynamics in China
China’s unemployment rate climbed to 5.9% in the 31 main cities in May