In September, the current account balance incurred a deficit of USD 2.6 billion, which was larger than the USD 2.2 billion shortfall registered in the same month last year and was broadly in line with market expectations of a USD 2.5 billion deficit. The print was mainly influenced by a deterioration in the trade surplus, which fell to USD 2.6 billion (September 2011: USD 3.1 billion). On the other hand, the services and income account improved somewhat and rose to a shortfall of USD 5.3 billion, up from the USD 5.5 billion deficit recorded in the same month last year. The moving 12-month current account deficit widened marginally from USD 49.6 billion in August to USD 49.9 billion in September (approximately 2.2% of GDP).
Brazil Current Account
Current account deficit widens in September
October 23, 2012
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Brazil Current Account Chart
Note: Monthly and 12-month current account balance in USD billion.
Source: Central Bank of Brazil (BCB) and FocusEconomics calculations.
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.