In August, the current account balance incurred a deficit of USD 4.9 billion, which exceeded the USD 3.5 billion deficit recorded in July and contrasted market expectations that it would narrow to USD 3.0 billion. The trade balance remained in surplus in August, totalling USD 3.9 billion, while the deficit in the services and income balance widened to USD 9.0 billion, due to elevated domestic demand that boosted service imports. The moving 12-month current account deficit stood at USD 49.9 billion in August (approximately 2.1% of GDP) and was larger than the USD 47.9 billion gap observed in July. The persistent current account deficit reflects a gap between saving and investment in the economy, which has been financed by a considerable amount of capital inflows, spurred by high interest rates and solid economic growth.
Brazil Current Account
Brazil's current account gap continues to widen
September 23, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.