BRASILIA (Reuters) – Brazil had a current account deficit of US$1.699 billion in September, with the gap in 12 months rising to 1.30% of Gross Domestic Product (GDP), the Central Bank disclosed on Friday.
The result came in slightly worse than the $1.553 billion deficit expected by analysts in a Reuters poll. Direct investments in the country (IDP) reached 4.495 billion dollars, also below market expectations of 5 billion dollars.
For the month of October, BC projected a current account deficit of 4.2 billion dollars and an IDP of 4 billion dollars. Until the 19th of this month, the exchange flow was negative by 1.209 billion dollars, said the BC.
(By Marcela Ayres)
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