Brazil’s current account balance was up US$ 911 million in the month of October, bringing the cumulative increase in the balance for the year to US$ 11.9 billion, an increase of 11.35% over the same period last year.
That is also more than the final balance for the whole year of 2004 when it closed out at US$ 11.738 billion.
The Central Bank says it now expects to close out this year with a currency account balance of plus US$ 13.6 billion. And the forecast for the final, year-end trade surplus is now US$ 43 billion (up from US$ 38 billion).
The bank also readjusted its forecast for the 2006 trade surplus to US$ 34 billion (up from US$ 29 billion).
ABr