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India’s Core Sector Output Posts Worst Ever Decline in March
The majority of the sectors – steel, cement, crude oil, natural gas, fertilizers, petroleum refinery products, and electricity - have declined year on year
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Brazil’s Central Bank Cut the Interest Rate to a New Record Low
Brazil’s Central Bank cut the monetary policy interest rate (the Selic rate) by 0.75pp to 3%
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Brazil’s Business Activity Continues to Deteriorate in April
April's composite result was weighed on by services, as the sector’s PMI reached 27.4 in April
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Euro Area GDP Contracts by 3.3% y/y in the First Quarter Of 2020
In Q1 2009 the GDP in the Eurozone fell by 5%. On a quarterly basis, the decline is 3.8%.
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US Economy contracts by 4.8% in Q1 2020
The US economy contracted by 4.8% q/q annualised in the first quarter of 2020
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China’s Manufacturing Activity Continues to Recovery in April
PMI in manufacturing declined to 51 points in April 2020 compared to 52 in March
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China’s Industrial Capacity Utilisation Rate Fell to a Record Low
In Q1 2020, China’s industrial capacity utilisation rate decreased to 67%
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Fall in China’s Industrial Profits Slowed in March 2020
China’s industrial profits reported a drop that was a bit less steep than previous
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China Cut the 1-year and the 5-year Loan Prime Rates
The People’s Bank of China (PBoC) cut the one-year and five-year loan prime rates (LPR) on April 20th
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China Lowered the Bad-Loan Coverage Ratio for Medium and Small Banks
China’s State Council lowered the provision coverage ratio for medium and small commercial banks by 20pp
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FDI in Brazil Continue to Increase in March 2020
Brazil’s FDIs have been on an upward path since the beginning of the year
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Brazil’s Current Account Posts Surplus for the First Time in 2020
Brazil’s current account posted a USD 868bn surplus, compared to a deficit of USD 2.7bn in March 2019