Data Bytes
Brazil records the fifth current account surplus in a row
The trade surplus increased on an annual basis to USD 5.96bn in August 2020
Data Bytes
Brazil’s construction activity bounces back in August
The diffusion index varies from 0 to 100, so each figure above 50 indicates an improvement compared to the previous month
Data Bytes
Brazil’s preliminary inflation accelerates in September
From January to September, the overall index increased by 1.35%, 0.45pp higher than in August
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China’s industrial output grew for the fifth consecutive month
During the first eight months of 2020, China’s industrial output rose by 0.4% y/y reflecting the lingering impact of the COVID-19 outbreak
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August saw the first retail sales annual growth in 2020 in China
Compared to the supply side, the demand side recovery in China has been slow
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Brazil’s central bank keeps the key rate at 2%
The SELIC rate remains at its lowest level, and below the expected inflation rate of 3.14% for the next 12 months
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Brazil’s industrial confidence rises further in September
The index is well above the threshold of 50, which separates an optimistic perspective from a pessimistic one
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