Current Account in Brazil
Brazil - Current Account
Current account surplus narrows in June
Brazil’s current account balance came in at a surplus of USD 435 million in June, below the USD 1.3 billion surplus registered in the same month last year.
The narrower current account surplus was primarily due to a lower trade balance, which came in at USD 5.9 billion in June (June 2017: USD 7.2 billion). Soaring import growth was chiefly behind the lower trade balance, after a truckers’ strike had disrupted economic activity in May. Foreign direct investment came in at USD 6.5 billion in June, above June 2017’s USD 4.0 billion.
The 12-month accumulative current account deficit widened in June to USD 13.9 billion from May’s USD 13.0 billion deficit. June’s result represented approximately 0.7% of GDP.
Analysts who participated in this month’s LatinFocus Consensus Forecast expect a current account deficit of 1.0% of GDP in 2018. For 2019, panelists expect the current account deficit to widen to 1.6% of GDP.
Brazil - Current Account Data
|Current Account (% of GDP)||-3.0||-4.2||-3.3||-1.3||-0.5|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Current Account Chart
Source: Central Bank of Brazil and Met the why particular calculations.
|Bond Yield||11.54||-0.82 %||Aug 15|
|Exchange Rate||3.91||-0.13 %||Aug 15|
|Stock Market||77,078||-0.11 %||Aug 15|
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August 13, 2018
Retail sales (excluding cars and construction) fell 0.3% from the previous month in seasonally-adjusted terms in June, following May’s revised 1.2% contraction (previously reported: -0.6% month-on-month). Drops in sales of fuels and lubricants; and hypermarkets, supermarkets, food products, beverages and tobacco drove the month-on-month decline. On an annual basis, retail sales increased 1.5 in June, a sharp deterioration from May’s 2.7% rise.
August 8, 2018
Consumer prices increased 0.33% in July over the previous month, significantly below June’s 1.26% rise.
August 3, 2018
Business sentiment in Brazil weakened in July, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 99.6 points from 110.1 points in June.
August 2, 2018
Industrial production returned to growth in June, recording the largest expansion in over a decade.
August 1, 2018
Conditions in Brazil’s manufacturing sector improved in July, recovering after the truckers strike dented economic momentum in June.