In May, the monthly current account balance incurred a deficit of USD 4.1 billion, which was up from the USD 3.5 billion registered in April. Although the trade balance remained in surplus in May totalling USD 3.5 billion, it was not enough to offset the deficit in the services and income that accrued to USD 7.9 billion. As a result, the 12-month current account deficit widened to USD 51.0 billion in May, up from USD 48.9 billion recorded in April. The swelling 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 strong inflows of foreign investment.
Brazil Current Account
Brazil's current account deficit widens in May
June 27, 2011
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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.