Muted Profit Growth, Falling Retail Ownership, Improving FDI and More...
Industrial profits rose 1.4% on a YTD basis compared to a year ago and 3% y/y compared to 2.6% y/y in March. This was stronger than markets expected and reflects higher earnings in the equipment and high-tech manufacturing sectors. Private enterprises continued to outperform at 4.4% on a YTD basis, followed by foreign invested at 2.5% y/y and share
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Another trend was helping to strengthen Brazil’s trading. Stability and investment had improved the productivity of several manufacturing industries. In the early 2000s, in sectors ranging from transport to aviation, food and fashion, Brazilian executives began to talk enthusiastically about the country’s export potential. Marcopolo, a bus manufact
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