Brazil’s current account deficit widened to $8.11 billion in July, exceeding economist estimates and highlighting persistent external financing pressures. The shortfall, reported by the central bank on Thursday, compares with a median forecast of $6.6 billion, according to available data.
Foreign direct investment into the country also underperformed expectations, totaling $7.46 billion for the month. This fell short of the $7.92 billion median projection, signaling softer capital inflows despite ongoing efforts to attract investment.
On a rolling 12-month basis, Brazil’s current account deficit remained at 2.49% of gross domestic product in July, unchanged from the prior month. The figure underscores the challenge of balancing trade and capital flows in Latin America’s largest economy, where external accounts have been sensitive to global commodity prices and domestic policy shifts.
The data, released by the central bank, reflects the latest snapshot of Brazil’s external sector health amid a backdrop of fluctuating global risk appetite and shifting monetary policy expectations worldwide.
