In June, the current account balance incurred a deficit of USD 4.4 billion, which was larger than the USD 3.5 billion shortfall registered in May but came in line with market expectations. The June print was mainly influenced by a lower trade surplus, which fell from USD 3.0 billion in May to USD 806 million in June. The services and income account, on the other hand, improved from a shortfall of USD 6.7 billion in May to a USD 5.5 billion deficit in June. The moving 12-month current account deficit widened from USD 50.8 billion in May to USD 51.8 billion in June (approximately 2.2% of GDP).
Brazil Current Account
Current account gap widens in June
August 1, 2012
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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.