In July, the current account balance incurred a deficit of USD 3.8 billion, which was larger than the USD 3.6 billion shortfall registered in the same month last year and came in virtually in line with market expectations. The July print was mainly influenced by a lower trade surplus, which fell to USD 2.9 billion from USD 3.1 billion observed in the same month last year. The services and income account, on the other hand, remained unchanged and posted a deficit of USD 6.9 billion. The moving 12-month current account deficit widened from USD 51.8 billion in June to USD 52.0 billion in July (approximately 2.2% of GDP).
Brazil Current Account
Current account deficit narrows in July
August 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.