In January, the current account balance incurred a deficit of USD 7.1 billion, which was larger than the USD 6.0 billion shortfall registered in December and represented, in fact, a new record high. The result came in broadly in line with market expectations, which had current account deficit widening to USD 7.0 billion. The January print was mainly influenced by the trade balance, which swung from a surplus of USD 3.8 billion in December to a deficit of USD 1.3 billion in January, the widest trade gap in more than 13 years. On the other hand, the deficit in the services and income account shrank from USD 10.0 billion in December to USD 6.0 billion in January. The moving 12-month current account deficit widened from USD 52.6 billion in December to USD 54.1 billion in January (approximately 2.2% of GDP).
Brazil Current Account
Current account deficit hits new record on trade gap
February 23, 2012
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Brazil Economic News
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.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.