Bras\u00edlia \u2013 The Brazilian balance of payments posted a US$ 808 million surplus last month, according to the External Sector Report (Relat\u00f3rio do Setor Externo<\/i>) issued this Tuesday (25th) by the Central Bank\u2019s Economic Department. Current transactions showed a US$ 2.2 billion deficit, yet the trade balance ran a US$ 3.1 billion surplus.<\/p>\n
Once again, the services account showed a strong deficit, at US$ 3.1 billion, albeit slightly lower than the preceding month’s US$ 3.4 billion deficit, and 5.1% lower than in September 2010, discounting inflation during the period. The main contributing factor to the deficit was international travel spending, which amounted to US$ 1.256 billion, nearly as much as in August, when spending reached US$ 1.297 billion.<\/p>\n
The lowering of travel spending stems from the fact that spending by foreigners in transit in Brazil increased by 14.6% in September as against the same month of last year, whereas spending by Brazilians abroad increased by a lower rate (12.4%) using the same basis of comparison. Net spending on transport abroad stood at US$ 753 million (an 11.9% increase) and spending on equipment rental stood at US$ 1.381 billion (a 2.8% increase).<\/p>\n
According to the Central Bank, the Brazilian financial account recorded a net inflow of US$ 2.9 billion, resulting from the inflow of US$ 6.3 billion in foreign direct investment (FDI), minus US$ 2 billion in long-term loans and US$ 2.4 billion in net amortization of short-term loans. <\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
A Central Bank report issued today shows that during the month, the Brazilian balance of payments ran a US$ 808 million surplus. Current transactions, on the other hand, ran a US$ 2.2 billion deficit.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-39670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"A Central Bank report issued today shows that during the month, the Brazilian balance of payments ran a US$ 808 million surplus. Current transactions, on the other hand, ran a US$ 2.2 billion deficit.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=39670"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39670\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=39670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=39670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=39670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}