ANL 10.41 Decreased By ▼ -0.73 (-6.55%)
ASC 9.21 Decreased By ▼ -0.34 (-3.56%)
ASL 11.77 Decreased By ▼ -0.88 (-6.96%)
AVN 76.05 Decreased By ▼ -2.65 (-3.37%)
BOP 5.49 Decreased By ▼ -0.19 (-3.35%)
CNERGY 5.37 Decreased By ▼ -0.41 (-7.09%)
FFL 6.71 Decreased By ▼ -0.29 (-4.14%)
FNEL 5.93 Decreased By ▼ -0.23 (-3.73%)
GGGL 11.30 Decreased By ▼ -0.80 (-6.61%)
GGL 16.50 Decreased By ▼ -1.30 (-7.3%)
GTECH 8.53 Decreased By ▼ -0.63 (-6.88%)
HUMNL 7.22 Decreased By ▼ -0.38 (-5%)
KEL 2.87 Increased By ▲ 0.03 (1.06%)
KOSM 3.10 Decreased By ▼ -0.18 (-5.49%)
MLCF 25.99 Decreased By ▼ -1.81 (-6.51%)
PACE 3.15 Decreased By ▼ -0.13 (-3.96%)
PIBTL 6.04 Decreased By ▼ -0.45 (-6.93%)
PRL 18.15 Decreased By ▼ -1.36 (-6.97%)
PTC 7.01 Decreased By ▼ -0.22 (-3.04%)
SILK 1.17 Decreased By ▼ -0.09 (-7.14%)
SNGP 33.25 Decreased By ▼ -0.60 (-1.77%)
TELE 11.12 Decreased By ▼ -0.45 (-3.89%)
TPL 9.22 Decreased By ▼ -0.82 (-8.17%)
TPLP 20.17 Decreased By ▼ -1.44 (-6.66%)
TREET 28.70 Decreased By ▼ -1.50 (-4.97%)
TRG 75.75 Decreased By ▼ -2.45 (-3.13%)
UNITY 20.28 Decreased By ▼ -0.91 (-4.29%)
WAVES 12.60 Decreased By ▼ -0.88 (-6.53%)
WTL 1.45 Decreased By ▼ -0.02 (-1.36%)
YOUW 4.75 Decreased By ▼ -0.35 (-6.86%)
BR100 4,083 Decreased By -179.3 (-4.21%)
BR30 14,985 Decreased By -647.2 (-4.14%)
KSE100 41,052 Decreased By -1665.2 (-3.9%)
KSE30 15,662 Decreased By -690.8 (-4.22%)

BRASILIA: Brazil posted a current account deficit of $6.5 billion in November, the largest for the month since 2014, the central bank said on Wednesday, as a result of worsening trade figures.

The deficit was slightly higher than the $6.3 billion forecast in a Reuters poll of economists. In the 12 months to November, the deficit reached 1.9% of gross domestic product, the highest since September 2020.

On the capital flows side, foreign direct investment in November came in at $4.6 billion, the central bank said, more than the $3.8 billion forecast.

In November, the trade balance deficit reached $2.5 billion, from a surplus of $1.7 billion in the same month last year, as imports increased 45.6% year-on-year while exports rose 17.1%.

From January to November, the current account deficit was $22.4 billion, up from a deficit of $16 billion for the same period in 2020.

Earlier this year, the central bank estimated there would be a current account surplus in 2021, which would be the country's first since 2007. However, trade balance data led to a complete reversal of these expectations.

In its recent inflation report, the central bank lowered its 2021 trade surplus forecast to $35 billion, versus $70 billion forecast in March, and revised its 2021 current account outlook to a $30 billion deficit from a $2 billion surplus.

Based on partial data already in for December, the central bank said it expects a current account deficit of $6.8 billion and FDI inflows of $3 billion in the month.

Investors plowed a net $989 million into Brazilian stocks and bonds in November. Stocks saw a $155 million inflow and debt securities attracted $833 million, the central bank said.

Comments

Comments are closed.