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The
Central Bank (BCB, Banco Central do Brasil) reports that:
The
current account remained in virtual equilibrium in October, registering a
US$ 34 million deficit only. A US$ 2.2 billion trade surplus and US$
301 million in unilateral transfers counterbalanced the US$ 2.5 billion
deficit in the services and income account. As a result, the annual
current account deficit narrowed from US$ 13.8 billion in September to US$
10.6 billion.
The capital and
financial account registered a US$ 2.3 billion deficit, as strong
portfolio and other investment outflows of US$ 3.5 billion were only
partially offset by US$ 1.2 billion in net direct investment. As a
result, the annual capital account surplus dropped from US$ 13.8 billion
in September to US$ 10.6 billion. Thus, international reserves declined by US$ 2.5 billion to reach US$
35.9 billion at the end of October.
More detailed information
available at the Banco Central do Brasil.
Forecasts: This indicator is covered in the
LatinFocus Consensus Forecast. For 5-year projections, including quarterly forecasts for
the next two years, please click here
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