Brazil's external accounts post $2.479 billion deficit in June
After two consecutive months reporting positive results, the external accounts posted $2.479 billion deficit in June, according to Central Bank (BC) data disclosed today (Jul. 26).
For the first half of the year, the deficit stood at $8.444 billion, much lower than the negative output of $37.888 billion recorded in the same period in 2015.
In the balance of external accounts—sales and purchases of goods and services and the country's income transfers with other nations—the account for primary income (profit and dividends, interest and salary payments) showed a negative $2.873 billion last month, and $17.554 billion for the first half of the year.
Services (international travel, transport, equipment leasing, insurances, etc.) contributed to the deficit, with a negative $3.594 billion in June and $14.817 billion for the six months of the year.
Regarding the secondary income (income generated in one economy and distributed in another, like donations and dollar remittances with no services or goods returned in exchange), the result was a surplus of $234 million last month, and $1.479 billion for the first half of 2016.
The trade balance posted a $3.755 billion surplus in June and $22.448 billion for the first half of the year.
Direct investment
In June, the direct investment in the country (referred to as IDP)—funds that enter Brazil and are sent to the productive sector of the economy—reached $3.917 billion, lower than the $5.397 billion posted in June 2015. For the six months of 2016, these investments totaled $33.816 billion, compared with the $30.932 billion for the same period in 2015.
Translated by Amarílis Anchieta
Fonte: Brazil's external accounts post $2.479 billion deficit in June
