In October, the current account balance incurred a deficit of USD 3.1 billion, which was notably larger than the USD 2.2 billion deficit recorded in September. The trade balance remained in surplus in October, totaling USD 2.4 billion, while the deficit in the services and income account widened to USD 5.7 billion. The moving 12-month current account deficit narrowed from USD 48.0 billion in September to USD 47.3 billion in October (approximately 2.0% of GDP). The persistent current account deficit reflects a gap between saving and investment in the economy, which has been financed by a considerable amount of capital inflows.
Brazil Current Account
Brazil's current account gap widens in October
November 22, 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.