In June, the monthly current account balance incurred a deficit of USD 3.3 billion, which was down from the USD 4.1 billion tallied in May. The trade balance remained in surplus in June totalling USD 4.4 billion, while the deficit in services and income reached USD 7.8 billion. As a result, the 12-month current account deficit stood at USD 49.0 billion in June, down from the USD 50.9 billion observed in May. On a quarterly basis, the current account deficit shrank from USD 14.6 billion in the first quarter to USD 10.9 billion in the second. Persisting current account deficit reflects the gap between domestic investment and saving in the economy, as high interest rates and a solid pace of economic growth attract inflows of foreign investment.
Brazil Current Account
Current account deficit shrinks in Q2
July 26, 2011
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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.