In February, the current account balance incurred a deficit of USD 7.4 billion. The print was slightly larger than the USD 6.6 billion shortfall registered in the same month last year and market expectations of a EUR 8.0 billion deficit. The trade balance registered a deficit of USD 2.1 billion in February, which was slightly greater than the USD 1.3 billion deficit registered in February 2013. Moreover, the services and income balance tallied a USD 5.4 billion deficit in February, which represented a slight improvement compared to the USD 5.8 billion shortfall posted in the same month last year. The moving 12-month current account deficit widened slightly from USD 81.6 billion in January to USD 82.5 billion in February, representing approximately 3.7% of GDP. LatinFocus Consensus Forecast participants expect a current account deficit of 3.4% of GDP in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, panelists expect the current account deficit to be at 3.1% of GDP.
Brazil Current Account
Current account registers another shortfall in February
March 24, 2014
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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 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.