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🌏 India beats on industrial output, Brazil's wholesale prices turn negative, and the EM divide keeps widening

🌏 India beats on industrial output, Brazil's wholesale prices turn negative, and the EM divide keeps widening

India's industrial production index rose 5.1% year-over-year in May, beating the 4.7% consensus. Brazil's wholesale price index swung to βˆ’0.5% month-on-month in June. Together, they widen the divide between anchor EMs and those cutting into above-target inflation.

Illustration of laptops, papers with charts, hands pointing at data, coffee cups, and SBI Securities logo on purple-blue background.
SBI Securities highlights India's May industrial output at 5.1% YoY, with capital goods surging 12.9% to signal investment strength. Source

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