International Reserves in Brazil
Brazil - International Reserves
Current account surplus narrows in March
Brazil’s current account balance came in at a surplus of USD 798 million in March, lower than the USD 1.4 billion surplus recorded in March 2017. March’s print was up, however, from February’s USD 283 million surplus.
The narrower current account surplus in March compared to the previous year was largely the result of flat export growth that caused the trade surplus to shrink to USD 6.0 billion in March from the USD 7.1 billion surplus registered in March 2017. Export growth was flat in annual terms, moderating from a 11.9% expansion in February. Import growth also lost steam in March, easing to 6.7% (February: +13.7% year-on-year). Foreign direct investment came in at USD 6.5 billion in March, below March 2017’s USD 7.1 billion.
The 12-month accumulative current account deficit widened in March to USD 8.3 billion from USD 7.7 billion in February. March’s result represented approximately 0.4% of GDP.
Brazil Current Account Balance Forecast
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.1% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.7% of GDP.
Brazil - International Reserves Data
|International Reserves (USD)||359||364||356||365||-|
5 years of economic forecasts for more than 30 economic indicators.
Brazil International Reserves Chart
Source: Central Bank of Brazil and FocusEconomics calculations.
|Bond Yield||10.42||-0.82 %||May 21|
|Exchange Rate||3.68||-0.13 %||May 21|
|Stock Market||81,815||-0.40 %||May 21|
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May 16, 2018
At its 16 May meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Politica Monetaria, COPOM) decided to keep the benchmark SELIC interest rate at its record low of 6.50%.
May 16, 2018
In March, economic activity fell 0.7% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
May 11, 2018
Retail sales (excluding cars and construction) rose a moderate 0.3% from the previous month in seasonally-adjusted terms in March, which contrasted February’s 0.2% decrease.
May 10, 2018
Consumer prices in April rose 0.22% over the previous month, above March’s 0.09% rise.
May 4, 2018
Retail sales (excluding cars and construction) fell 0.2% from the previous month in seasonally-adjusted terms in February, which contrasted January’s revised 0.8% increase (previously reported: +0.9% month-on-month).