International Reserves in Brazil
Brazil - International Reserves
Current account deficit widens in November
Brazil’s current account balance came in at a deficit of USD 2.4 billion in November, which was notably above the USD 0.7 billion deficit recorded in November 2016.
The trade surplus came in at USD 3.5 billion in November, which was below November 2016’s USD 4.8 billion. Exports soared 10.4% over the same month of the previous year, while reviving domestic demand cause imports to grow a buoyant 9.3% annually. Foreign direct investment eased in November and came in at USD 5.0 billion.
The 12-month accumulative current account deficit worsened in November, the first deterioration in 11 months. This deficit widened to USD 11.3 billion in November from USD 9.6 billion in October, which had marked the smallest shortfall since March 2008. November’s result marked a deficit of approximately 0.6% of GDP.
Analysts who participated in this month’s LatinFocus Consensus Forecast panel expect a current account deficit of 1.3% 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)||373||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||10.14||-0.82 %||Dec 06|
|Exchange Rate||3.24||-0.13 %||Dec 06|
|Stock Market||73,268||-0.40 %||Dec 06|
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January 10, 2018
Consumer prices in December rose 0.44% over the previous month, above November’s 0.28% rise.
January 9, 2018
Retail sales (excluding cars and construction) rose 0.7% from the previous month in seasonally-adjusted terms in November, which contrasted October’s revised 0.7% fall (previously reported: -0.9% month-on-month).
January 5, 2018
In November, industrial production grew 0.2% over the previous month in seasonally-adjusted terms, down from the revised 0.3% increase (previously reported: +0.2% month-on-month) registered in October.
January 2, 2018
Conditions in Brazil’s manufacturing sector weakened slightly in December.
January 2, 2018
Business sentiment in Brazil continued to climb in December, as it recovers from the lows of mid-2015.