Brasília – Brazilian overseas spending amounted to US$ 2.4 billion in September, as against US$ 2.1 billion in the same month last year, up 11.1%. This is the best result for the month since Brazilian Central Bank (BC) started taking records, in 1995. The information was disclosed this Friday (24th) by the organization.
Spending increased in spite of the strong appreciation of US dollar against Brazil’s real in September, which was 9.6%. The North American currency ended the month traded at R$ 2.45, according to data from the BC.
Year-to-date through September, overseas spending reached US$ 19.6 billion, as against US$ 18.6 billion in the same period last year, an increase of 5.3%.
Spending by foreigners in trips to Brazil reached US$ 493 million against US$ 505 million in the same month last year. In January through September, spending reached US$ 5.4 billion, as against US$ 5 billion in the same period of 2013.
With these spending and revenues figures, international travel account deficit ran at US$ 1.9 billion last month, as against a US$ 1.6 billion deficit in September 2013. Year-to-date through September 2014, international travel account is posting a US$ 14.2 billion deficit, as against US$ 13.6 billion in the same period last year.
Investments
Last month, foreign direct investment (FDI) targeting Brazil amounted to US$ 4.2 billion, as against almost US$ 4.8 billion in September 2013, down 11.6%.
Year-to-date through September 2014, FDI inflows reached US$ 46.2 billion, as against US$ 43.7 billion in the period from January through September last year, up 5.6%.
*Translated by Rodrigo Mendonça with information from the ANBA newsroom
