In February, the current account balance incurred a deficit of USD 1.8 billion, which was smaller than the USD 7.1 billion shortfall registered in January. The result came in above market expectations, which had the current account deficit narrowing to USD 2.5 billion. The February print was mainly influenced by an improvement in the trade balance, which rebounded from a deficit of USD 1.3 billion in January, the widest trade gap in more than 13 years, to a surplus of USD 1.7 billion in February. In addition, the deficit in the services and income account shrank for the second straight month from USD 6.0 billion in January to USD 3.6 billion in February. The moving 12-month current account deficit narrowed from USD 54.1 billion in January to USD 52.4 billion in February (approximately 2.1% of GDP).
Brazil Current Account
Current account deficit shrinks in February
March 23, 2012
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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.