π India beats on industrial output, Brazil's wholesale prices turn negative, and the EM divide keeps widening
The day in view
π 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 β0.5% month-on-month in June. Together, they widen the divide between anchor EMs and those cutting into above-target inflation.