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Company & Industry Overviews
Top Analysts’ Opinions on Tesla’s Future Plans in China
In the fourth quarter of 2018, Tesla yielded a solid return of 25.7%, outperforming the broader market and its peers by a wide margin.
Russia, China, and India—a new Eurasian economy in the making
According to the U.S. Energy Information Administration (or EIA), India is the fourth largest energy consumer in the world.
Energy & Utilities
April’s FOMC minutes review key international trade activity
Indicators of foreign economic activity suggested continued expansion, though at a rate lower than in the previous quarter. The deceleration was concentrated in emerging market economies.
Must-know update: Economic trends in expenditure and prices
Foreign real gross domestic product expanded at a moderate pace with weak economic growth in Japan and Mexico offsetting stronger gains in many other economies.
Why the services sector in Brazil continues to expand, but slowly
The Business Activity index (the key index for the Services PMI) remained unchanged, at 51.0. While Transport and Storage reported the fastest growth, the expansion was evenly mediocre across most of the sectors surveyed.
Brazil’s payrolls way below consensus, soft patch ahead?
New jobs for May dropped by over 60% in May versus April Under normal market conditions, not many economists and analysts would pay attention to payrolls, but given the fragile state of the economy, everyone is trying to guesstimate the next action by the central bank by following specific macroeconomic indicators. In the U.S., weekly […]
Brazilian manufacturing falters, confidence to drop in June
The flash manufacturing confidence survey for June is hinting towards a decrease, putting it below the five-year average. Industry confidence surveys can be very useful at gathering insight from managers directly on the front lines of a sector. In Brazil, the Fundacao Getulio Vargas (FGV) issues monthly surveys on several sectors, including consumer, services and […]
India Services PMI spikes to 3-month high, offsetting manufacturing slow down
Services business activity moved almost three points to reach 53.6 in May The Services PMI is the counterpart to the Manufacturing PMI. They are both based on surveys to managers in the respective sector to compare the current situation of several indicators versus the prior month. Observing both the Manufacturing and Services PMIs allows a more holistic […]
India on the verge of contraction
The PMI hits 50.1, the lowest point in 50 months The Purchasing Managers Index is a useful gauge of the confidence in the manufacturing sector. Since the sector is sensitive to consumer demand and pricing dynamics, it can give insight about the broader economy as well. India’s economy has been disappointed for several months now, […]
Brazil consumer confidence levels off after sustained decline
Consumer confidence in Brazil seems to have leveled off after several months of decline, showing that the current situation has improved. The consumer confidence index, published by the IBRE in Brazil, posted a minimal decline of 0.4%. The value comes after six months of consecutive declines and a flat reading last month. The index is […]
Mexican manufacturing employment up, but wages suffer from inflation
The employment figures for March’s manufacturing indicators showed increases in employment, but real wages dropped significantly. The manufacturing sector in Mexico plays an important role in the economy, and while it accounts for approximately a fifth of GDP, its sensitivity to consumer demand makes it a good gauge of the overall health of the country. […]
Brazil unemployment steadily decreasing
Unemployment may be a lagging indicator, but Brazil’s steady unemployment downtrend is greatly reassuring that the economy has a solid base. Unemployment is a basic indicator of the economic performance of an economy. A low is a basic requirement for a country to achieve its economic growth potential. In the case of Brazil, unemployment has […]
Chinese inflation not a concern, leaving room for very needed stimulus
China has been lucky versus the other BRICs with regards to inflation and the uptick in April is not relevant. Inflation, as measured by the consumer price index, is a key indicator of health in an economy. When inflation increases too fast, economic growth is choked and slows down either by reduced consumer spending or […]
Spoiler alert: China Services PMI drops across the board
The April Services PMI showed drops across most indices comprising the headline value If you want to feel your life is not as bad as it could be, look at the China Services PMI. All indices composing the headline figures slowed down, with the exception of prices charged, just to throw some unwarranted inflation into […]
India Services PMI drops to lowest growth rate since October 2011
In case the Manufacturing PMI didn’t disappoint you enough, the Services PMI should drive the point home The Services PMI is a useful survey to review in conjunction with the Manufacturing PMI to get a full picture of the prospects of an economy. In emerging markets, like Brazil, Russia, India and China, the services sector PMI is available approximately […]
China’s auto sales post strong increase, short-lived spike?
Amidst a wave of disappointing data from China, the jump in car sales seems promising, but it is likely to be unsustainable Car sales are a strong indicator of the health of consumer spending in a country. Durable goods, such as cars, are generally “big ticket” items that last more than three years. Given their […]
Brazil PMI continues slide down
Growth in manufacturing slows to six-month low and may continue to do so Of most large emerging markets, Brazil seems to be the most promising one when compared against the BRICS and Mexico given lower valuations and less severely depressed macroeconomics. The PMI is a good predictor of short to medium-term performance and offers a lot of insight […]
India fully on board the EM slowdown train, will it get off soon?
While China is the conductor, India is riding in the front seat India’s PMI is starting to sound like a broken record: India is losing momentum. India’s biggest blessing is its large consumer base eager to start spending, but its greatest curse is the lack of basic infrastructure to unleash it. The output index dropped […]
Brazilian IGP-M Inflation Index points to moderate inflation
The April reading of the IGP-M Index in Brazil showed that consumer prices were relatively stable through mid-April. Recall that in mid-April the central bank in Brazil decided to raise interest rates 25bps to 7.5% to avoid inflation to go higher. Many analysts felt the hike was not aggressive enough and it would fail to […]
Russia continues to flirt with neutral growth
The latest PMI figures for Russia fell to a four-month low of 50.6, though consumer goods sectors continues to grow at a slow pace Purchasing Managers Indices (PMIs) are monthly surveys that gauge the performance and expectations of several indicators along the production logistics chain. They are useful leading indicators that can offer insight into […]