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China’s Industry, Retail Sales and Investment Continue to Recover
For the first five months of 2020, China’s real industrial output dropped by 2.8% y/y
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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
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Producer Price Index in the US Keeps Declining
The producer price index (PPI) declined by 6.1% y/y compared to 8% y/y drop in April
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Brazil reported deflation on a monthly basis in May
IPCA in Brazil dropped by 0.38% m/m in May, the lowest result in 22 years
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The markets in Brazil expect 6.48% contraction of GDP in 2020
The Brazilian central bank conducts the survey among 140 entities, including financial institutions, consultancies and brokerages
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China’s Emerging Industries Purchasing Manager’s Index Expanded in May 2020
The increase suggests that the sector is expanding and the situation is improving at a faster pace
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Deflationary Pressure in China is Materialising in May
China’s Consumer price index (CPI) grew by 2.4% y/y, compared to 3.3% y/y in the previous month
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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 trade surplus decreases in May
The exports value dropped by 12.9% y/y to USD 17.9bn
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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