International Reserves in Brazil
Brazil - International Reserves
Current account registers another surplus in May
Brazil’s current account balance registered a surplus for the third consecutive month in May, swinging to a USD 1.3 billion surplus from a USD 1.4 billion deficit in the same month a year earlier. However, May’s result was down from April’s surplus of USD 3.3 billion (previously reported: USD 3.8 billion).
This month’s print was largely due to a smaller primary income deficit as well as a narrower deficit in the services account. Meanwhile, the trade surplus narrowed in May. The merchandise trade surplus fell to USD 4.2 billion from USD 5.0 billion in May 2019 on a sharper contraction in exports than of imports. Moreover, net foreign direct investment weakened markedly in May, totaling USD 2.6 billion (May 2019: USD 8.3 billion).
Accordingly, the 12-month sum of the current account balance narrowed to a USD 42.4 billion deficit, which equates to approximately 2.5% of GDP, down from the USD 45.2 billion shortfall registered in the 12 months ending in April (2.6% of GDP).
The LatinFocus Consensus Forecast projects a current account deficit of 1.7% of GDP in 2020. For 2021, panelists foresee the current account deficit at 2.1% of GDP.
Brazil - International Reserves Data
|International Reserves (USD)||356||365||374||375||357|
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||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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July 13, 2020
The Brazilian real weakened in recent weeks, losing some of the previous month’s gains, following the Central Bank’s decision to cut interest rates and due to continued Covid-19 related concerns.
July 10, 2020
Consumer prices rose a seasonally-adjusted 0.26% in June over the previous month, swinging from May's 0.38% drop.
July 8, 2020
Retail sales jumped 13.9% month-on-month in seasonally-adjusted terms in May, rebounding from the 16.3% contraction in April.
July 2, 2020
Industrial output grew 7.0% month-on-month in seasonally-adjusted terms in May, which contrasted April's record 18.8% decrease.
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, increased to 51.6 in June from 38.3 in May.